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

To: Les H who wrote (52009)	5/24/2000 8:06:00 PM
From: Les H	Respond to of 99985

Yen under pressure as foreigners doubt Japan 2315 GMT -- Yen easier across the board in early trade having succumbed to offshore doubts about the health of both Japan's recovery and the Nikkei. -- Late bounce in Nasdaq to end 3.4 pct higher also supported the dollar while weighing on the euro. -- Much attention paid to NY Times report that Japanese authorities deliberately understated the weakness in Q4 GDP. -- Dealers here surprised at the impact given the data notoriously unreliable anyway. -- Some hope for a bounce in the Nikkei on Thursday after the futures contract rose 300 points and with all technical indicators deeply oversold. -- Dollar at 107.63 yen <JPY=> up a full yen from late here on Tuesday. Recovery of 107.20 level points to more range trading in broad 106.30-110.00 band. -- Euro <EURJPY=> also firmer at 97.21 yen but well below its 98.19 high as Japanese exporters and investors still selling into rallies. -- Euro <EUR=> again unable to sustain a rally to $0.9127 and lapses back to $0.9031 as U.S. equities bounce. -- Hong Kong authorities say to maintain reserves of euro under its target of 15 pct due to its weakness. Japan omits data showing weakness in economy nytimes.com

To: Les H who wrote (52009)	5/25/2000 9:52:00 AM
From: Les H	Respond to of 99985

newswire for Daily Federal Reserve operations marketwatch.newsalert.com It can also be accessed by selecting the Federal Reserve category under the Reuters newswire in the CBS Marketwatch newswire index: cbs.marketwatch.com