Dollar/yen ambush? Message Board

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Non-Tech : Dollar/yen ambush?

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To: ForYourEyesOnly who wrote (77)	10/9/1998 12:54:00 AM
From: Moneysmith	Read Replies (1) of 95

It is difficult to guess how high the yen will go. But at this rate we could easily see 105; the margin calls that went out today have been horrible and I'm sure many shorts were unsecured too.The overnight Globex numbers show continuing strength in the Yen last I saw was 8670 up 200+points. If anyone out there is still clinging to a short position it may be time to take your losses and wait for another day.

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