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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Lucretius who wrote (43485)5/27/1999 10:12:00 AM
From: Defrocked  Read Replies (2) of 86076
 
Dollar-yen definitely reacted on US equity
weakness. Pullback may be another shorting
opportunity as we approach 121 since that
is base of 200DMA which was penetrated on
upside May 14th from a technical perspective.
Fundamentally if the US economy slows and
US equities dive, Japan is possibly thrown
further off track for recovery plans. Downturn
in Euro and gold also illustrates lack of alternatives
for the buck. JM2c.
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