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To: Les H who wrote (44492)	3/31/2000 7:20:00 AM
From: Les H	Respond to of 99985

Hump 'n Dump nypostonline.com

To: Les H who wrote (44492)	4/1/2000 1:07:00 AM
From: Don Green	Respond to of 99985

BOJ Intervention Expected Monday To Stem Yen Rise Saturday, April 1, 2000 TOKYO (Nikkei)--Japanese monetary authorities are likely to step in the foreign exchange market and sell yen for dollars Monday if the Japanese currency's meteoric appreciation continues unabated, government sources said Saturday. Yen buying will likely gain momentum following the release of the Bank of Japan's tankan business confidence survey, which is expected to point to a self-sustaining domestic economic recovery. The quarterly survey is due out at 8:50 a.m. Monday, JST. Both the Ministry of Finance and the Bank of Japan want to prevent a strong yen from nipping the recovery in the bud. Japan will ask the U.S. and Europe to make the currency issue a main subject of debate when the Group of Seven finance ministers and central bankers meet in Washington on April 15, the sources said. The G-7 meeting is likely to address the yen's strength and the euro's weakness. In New York, the dollar briefly dipped as low as 102.03 yen Friday, a year-to-date low, and the euro fell to 97.55 yen. The euro's fall below 100 yen has spurred buying yen for the European currency, which in turn led to buying yen for the greenback. The BOJ has intervened in the forex market three times this year: Jan. 4, March 8 and March 15. The interventions last month were believed to have been aimed at preventing the dollar from slipping below 105 yen. Thus, the dollar's current exchange rate has raised alarm among market players. The BOJ intervention also came in June 1999, when the yen sharply strengthened following the release of the January-March GDP report that showed a marked improvement. The BOJ is likely to take a similar step Monday to prevent expectation of a higher yen from spreading. (The Nihon Keizai Shimbun Saturday evening edition)