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Strategies & Market Trends : Asia Forum

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To: Joseph Beltran who wrote (7011)	10/8/1998 10:17:00 AM
From: Henry Volquardsen	Read Replies (1) of 9980

Joseph, most of the dollar/yen volatility is due to hedge fund liquidation and delevering. In fact despite public comments to the contrary the Japanese are very worried about an exchange rate at the 110 level. They will be very hurt if the rate stabilizes at that level. Henry

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