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Strategies & Market Trends : January Effect 2003 -- Ignore unavailable to you. Want to Upgrade?


To: RockyBalboa who wrote (653)9/18/2003 8:17:19 AM
From: RockyBalboa  Read Replies (1) | Respond to of 666
 
The yen weakening stopped after the japanese gave up on intervening in favor of a weaker currency, and since that, I can't complain. Looks like it is taking out the dreaded 115 support. I still believe that it could trade at 100 vs the dollar. Futures now at 0.87 vs the buck.

The Euro looks a little doggy, compared to pound and yen, of course, no growth and the call for a rate cut is the reason.



To: RockyBalboa who wrote (653)9/18/2003 8:18:20 AM
From: RockyBalboa  Respond to of 666
 
At the same time the us treasuries rise against all economonic rules (but as I earlier supposed fuelled by agency buying). Good to have selling opportunities in treasuries coming up. Or are the japanese "averaging down" US dollars and treasuries, lol?