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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: AugustWest who wrote (5651)	6/26/2002 1:29:28 AM
From: AugustWest	Respond to of 17639

(REUTERS) Dollar wobbles as BOJ seen continuing intervention Dollar wobbles as BOJ seen continuing intervention 0520 GMT -- Japanese monetary authorities are still intervening in the market, buying dollars for yen, bankers said. -- Bankers characterised intervention as heavy. -- Dollar on roller-coaster ride since Japan stepped in market, having jumped to 121.35 yen <JPY=> and then falling back to around 120.50 yen. -- Now dollar quoted at 120.78/81 yen, still down from its late U.S. levels around 121.30. -- Finance Ministry also confirmed it was intervening in market. -- Dollar under pressure after U.S. telecom giant WorldCom admitted improper accounting and U.S. President George W. Bush said dollar would seek its level based on market. ((Tokyo Treasury Desk +81-3-3432-8586 tokyo.newsroom@reuters.com)) For the latest full forex report, click on [FRX/] For previous updates on currency moves, click on [USD/-M] REUTERS * end of story *