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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (2517)	8/25/2000 4:17:09 PM
From: Henry Volquardsen	Respond to of 3536

Hi John, sorry to be so long in responding. I had to go out of town. interesting site. Japan is a fascinating case to me. As you say there are a number of people who are bearish yen in the long term. The fundamentals are atrocious. The key is when a catalyst will spark the move. I think of the situation as being similar to a sick patient with a fever. The fever is the deflationary economic environment. As long as the fever persists the unrealistic exchange rates and interest rates will persist. Once the fever breaks however market rates will move rapidly (I believe). I know the fever is a clumsy and strained metaphor but it works for me :)