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To: Giordano Bruno who wrote (66060)10/3/1999 8:40:00 PM
From: pater tenebrarum  Respond to of 86076
 
i expect the hedgies to continue to pile into the Yen...although from an ST cycle point of view i believe the Euro to have even more upside. the Yen looks more like it's in a lengthy consolidation between the 103 and 108 levels, but i expect it to eventually break out toward 100 and higher. at the moment there's still this unreasonable fear of intervention...intervention will accomplish NOTHING. just look at a LT Yen chart - it says it all imo.


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