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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up? -- Ignore unavailable to you. Want to Upgrade?


To: Professor Dotcomm who wrote (2003)8/4/1999 12:40:00 AM
From: Hawkmoon  Read Replies (1) | Respond to of 3902
 
Nikkei getting hammered... down 279 as of this writing.

It will be interesting to see where they close this week.

The Yen is overvalued and with its fall goes the value of being in Japanese stocks.

What until you see a bottom form on the yen/dollar exchange rate.

Conversely, we should see a rally in US stock tomorrow or Thursday as Yen/dollar carry trades infuse more capital into the US markets.



To: Professor Dotcomm who wrote (2003)8/4/1999 1:37:00 AM
From: borb  Read Replies (1) | Respond to of 3902
 
When you put 110 to 125 range, are you talking about 5 years range? Present rate is 115. Sounds like you are a little bit of upside for US$.