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To: Glenn D. Rudolph who wrote (62306)6/14/1999 7:55:00 AM
From: GST  Respond to of 164685
 
Glenn -- the question is can they stem the tide of the market. Yesterday, yes. But for how long? There is a belief among Japanese traders, I was told, that the exchange rate is assured to stay in the 120-25 range. I find it hard to believe that this range will hold against the market if there is enough buying interest in yen. We shall see.