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To: Tommaso who wrote (160215)	4/16/2002 1:56:00 PM
From: Haim R. Branisteanu	Respond to of 436258

I am still hoping for a move of 10 to 15% in the Euro in 4 to 6 months, but not now. Presently after being totally bearish all the monkeys at the big banks turned bullish, which means more work is needed. Also the ME seems to be a wild card in the equation. I feel due to the low IV in OTC options that a move is eminent but I am not sure which direction. This morning they squeezed the shorts in the EUR after Canada hiked their rates by 0.25% but there is no follow trough on the EUR. Also the Yen behaves strange IMHO