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To: Rarebird who wrote (51039)	4/2/2000 10:47:00 PM
From: GST	Respond to of 116764

The dollar/yen shift is at hand: biz.yahoo.com

To: Rarebird who wrote (51039)	4/2/2000 10:49:00 PM
From: GST	Read Replies (1) \| Respond to of 116764

Miyazawa: Japan acting firmly on 'troubling' forex TOKYO, April 3 (Reuters) - Finance Minister Kiichi Miyazawa said on Monday that Japan was responding firmly to a ``troubling' surge in the yen. He made the remark after the authorities sold yen in the currency market and sent the dollar spiking up by two yen. ``We responded at a good point,' Miyazawa told reporters outside his office. ``Volatility is troubling and we are responding firmly.' After the dollar plunged more than three yen on Friday to within a whisker of 102.00 yen, the Bank of Japan -- acting on the Finance Ministry's instructions -- intervened repeatedly in the currency market on Monday, selling yen. The dollar traded around 105.40 yen at 11:40 a.m. (0240 GMT). The government fears the strong yen could endanger a fragile recovery from Japan's worst postwar downturn.