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To: Sarmad Y. Hermiz who wrote (39668)2/12/1999 3:48:00 AM
From: GST  Read Replies (2) of 164684
 
Sarmad-- Friday February 12, 3:28 am Eastern Time
(Note: this article is ''in progress''; there will likely be an update soon.)

FX IN EUROPE -Yen makes nervous start ahead of BOJ
LONDON, Feb 12 (Reuters) - The yen made a nervous start in Europe on Friday with currency markets edgy ahead of the outcome of the Bank of Japan's monetary policy board meeting.

Japan's central bank has come under increasing pressure to stem rising long-term interest rates that could threaten a recovery in the country's fragile economy. Expectations are high that it will announce some steps to ease monetary conditions.

However, dealers said there could be disappointment as the central bank has been resisting outside calls for it to take action, particularly to proposals to underwrite Japanese government bonds in an effort to drive yields lower.

(Note: this article is ''in progress''; there will likely be an update soon.)

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