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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (34518)	12/1/1999 3:30:00 PM
From: SeaViewer	Read Replies (1) \| Respond to of 99985

Since early Nov, Dung' volume has never been below 1.2b shares/day. Just amazing.

To: pater tenebrarum who wrote (34518)	12/1/1999 7:43:00 PM
From: Don Green	Respond to of 99985

Forex Outlook: Pressure For Quantitative Easing May Emerge Thursday, December 2, 1999 TOKYO (Nikkei)--The highly unusual statement issued Wednesday by Bank of Japan Governor Masaru Hayami marks a swift response by the central bank to the yen's sharp appreciation, says Akio Makabe at Dai-Ichi Kangyo Research Institute. However, Makabe cautions that if fears about the negative impact of a strong yen on the economy return to the forefront, the odds are high that the BOJ will come under intensifying pressure to adopt a quantitative monetary easing. Makabe contends that the statement, which emphasizes the BOJ's commitment to "stability" in the foreign exchange market, is highly unlikely to reverse the course of the yen-dollar exchange rate. Any impact that the statement might have will be short-lived, he says, because the yen's strength is based on a structural surplus of dollars and expectations of economic recovery in Japan. Makabe says the dollar could break under the 100 yen line before year-end. (The Nikkei Financial Daily Thursday edition)

To: pater tenebrarum who wrote (34518)	12/1/1999 7:45:00 PM
From: Don Green	Respond to of 99985

Forex Outlook: Joint Action Only Way To Check Yen Thursday, December 2, 1999 TOKYO (Nikkei)--The highly unusual statement issued by Bank of Japan Governor Masaru Hayami on Wednesday marks an attempt to convince financial markets that the BOJ is taking an even looser stance under its zero interest rate policy than it would by leaving currency interventions unsterilized, says Yasunari Ueno, chief economist at Fuji Securities Co. The statement stresses that the central bank is ready to "provide sufficient funds" in the event of "any disruptive impact of excessive movements in the foreign exchange market on domestic financial transactions." Ueno applauds the BOJ's attempt to clarify its stance but contends that its logic that the soaring yen could disrupt domestic financial transactions is hard to understand and serves only to create confusion. The statement will ultimately have an extremely limited impact in the currency market, he says, contending that a coordinated intervention is the only way to check the yen's rapid upswing. (The Nikkei Financial Daily Thursday edition)