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To: Bill Harmond who wrote (66267)	7/5/1999 2:55:00 AM
From: GST	Read Replies (1) \| Respond to of 164687

William -- thank you -- how about Softbank? :-)

To: Bill Harmond who wrote (66267)	7/5/1999 3:01:00 AM
From: GST	Respond to of 164687

William -- with Rubin gone it looks like the Japanese might want to test US policyon the dollar/yen: Monday July 5, 12:31 am Eastern Time BOJ seen buying dollars around Y122 in afternoon TOKYO, July 5 (Reuters) - The Bank of Japan (BOJ) was detected to have bought dollars around 122 yen in Tokyo afternoon trade on Monday, bankers said. A banker said the BOJ was seen to be bidding persistently when the dollar edged below 122 yen. At 0427 GMT, the dollar stood at 122.58/61 yen, compared with 120.92/02 yen in late New York on Friday. Dealers said the BOJ was first seen buying dollars at between 121.50 yen and about 121.80 yen in the morning. It was later detected buying dollars above 122 yen, and as high as about 122.30/40 yen. Senior Finance Ministry official Haruhiko Kuroda confirmed during the morning that Japan had entered the foreign exchange market on Monday. ''A premature strengthening of the yen's exchange rate is not appropriate. Today we took action in the market,'' he said.