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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (28883)	9/16/1999 12:51:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

I have covered at 1319 spz I will short again 1313 spz..or 542 on sox or dot 588 break.. neutral to long stance.. this is just a bounce from low..couple of downdays is not a big deal with ndx making a high just tuesday..

To: IQBAL LATIF who wrote (28883)	9/20/1999 3:21:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

BOJ May Allow Rise in Money Supply to Weaken Yen, Yomiuri Says 9/19/99 4:3 for me a good test for Yen 106.20 is an ocassion for a higher pop to 110..the trade of last week at 104 was covered at 107.20 on Friday morning in Kuwait, now looking to reenter with new objective if 106.20 holds or old high of 107.80 is taken out.. Tokyo, Sept. 19 (Bloomberg) -- The Bank of Japan plans to boost the nation's money supply ahead of its policy meeting Tuesday, paving the way for the United States to join in selling yen to curb the currency's rise against the dollar, the Yomiuri newspaper reported, without citing sources. The central bank will probably inject more funds into the interbank money market through its daily open-market operations or buy short-term government bonds held by financial institutions. U.S. authorities have suggested that, as a condition for U.S. help on pushing the yen down, Japan should conduct ``unsterilized' yen sales, meaning that the central bank should not buy up yen in its money market operations after selling yen on the currency market, the report said. Japan's Finance Minister Kiichi Miyazawa on Friday said Japan can't stem the yen's rise by itself and that senior U.S. and Japanese officials discussed joint yen sales in Washington Thursday.