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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (5402)	1/6/2002 9:41:11 PM
From: Hawkmoon	Respond to of 33421

The Japanese are certainly letting their Yen weaken the pass few weeks. Yeah.. it strengthened briefly when other Asian economies crashed in 1998, but it would seem as if the Yen will be making new lows within a year or two since recently breaking double support at 80 yen. futures.tradingcharts.com But what we're seeing here seems to be an intentional devaluation of the Yen since they can't lower interest rates anymore to weaken it. And if it's true that Japan is going to recapitalize their banks with taxpayer money, that should drastically increase inflationary consequences (which actually is what Japan needs right now). But what will be interesting is to see how the rest of Asia responds to a weaken yen. Will they seek to maintain their currency ratio with the yen, or will they let it weaken against their own currencies. Hawk

To: John Pitera who wrote (5402)	1/9/2002 9:26:13 AM
From: MulhollandDrive	Respond to of 33421

>>The Japanese are certainly letting their Yen weaken the pass few weeks. It's ironic that so many countries are not interested in having a strong currency the past few years. It seems to mostly stem from the desire to increase their export market share. It definitely worked that way for China.<< Hi John... What do you think the likelihood is that the US feels the same pressure WRT our own exports? btw....would happen to have a url or site that list the number of US co's bond rating status? I'm wondering about the number that have been reduced to junk status and what kind of momentum we've seen there... thnx..