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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (1736)3/10/2004 4:28:09 PM
From: Wyätt Gwyön  Read Replies (1) | Respond to of 116555
 
For the third straight day, Japan held off selling yen until after the currency had surged, instead of consistently offering to buy dollars for yen
``Currency markets have been kidnapped by the Japanese finance ministry,''
A rate of between 110 yen per dollar and 120 is best for Japan, Hiroshi Okuda, chairman of the Japan Business Federation
quote.bloomberg.com



To: yard_man who wrote (1736)3/10/2004 4:29:47 PM
From: NOW  Read Replies (1) | Respond to of 116555
 
well if you can see 1360 area then surely you can see why 1425 was important (1.618 is 1364. 1.0 is 1425.)


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