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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Ahda who wrote (19066)	9/19/2003 9:15:12 PM
From: The Vet	Read Replies (2) \| Respond to of 81205

Darleen, I think that we will find that Japan has pegged the Yen to the US dollar for quite a long time by central bank intervention. Mainly the BOJ but assisted by the US FED and others at various times. Nobody has objected to this "soft" peg and the BOJ intervention since JApan became a basket case and was no real threat to the US. However in the past few days the BOJ has stopped and the "limit price" of 115 Yen to the US dollar has simply been blown away by a strengthening Yen. I expect that the US has realised it couldn't allow the Japanese to continue doing the very thing that they are complaining about the Chinese doing and expect the Chinese to react positively. So the BOJ has been asked to back off to provide ammunition to pressure China to float the Yuan. In the meantime the US dollar is flushed down to who knows where.. Gold will be fine though....