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To: Ken98 who wrote (81122)	12/25/1999 11:45:00 PM
From: Ken98	Read Replies (1) \| Respond to of 86076

<<FOCUS-Japan in Christmas Eve dollar buying spree By Chikafumi Hodo TOKYO, Dec 24 (Reuters) - Japanese authorities made pre-Christmas forays into the currency markets on Friday, buying dollars in a show of their resolve to keep the yen from rising to levels that could threaten Japan's fragile economic recovery. Although the dollar's rise was limited, with many traders away for year-end holidays or sidelined by wariness over possible Year 2000 computer mishaps, the Bank of Japan's surprise move convinced many dealers they will need to think twice before driving the yen higher again. ``Seeing today's move, the market will become extremely nervous about pressing the dollar below 102 yen again,' said Takashi Toyohara, deputy manager at Nomura Trust and Banking. Bankers said the central bank was detected buying dollars slightly below 102 yen, after the U.S. currency hit a low of 101.33 yen overnight and retained its bearish tone in early Tokyo trade, hovering around 101.90 yen. Apparent buying by the BOJ, which conducts currency market operations on behalf of the Finance Ministry, pushed the dollar as high as 103.10 yen, although it later eased slightly and was quoted at 102.92/93 yen at 0545 GMT.>> Expect a rather substantial amount of "buying under the table" in the Treas. market by the Fed. on Monday.