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To: CapitalistHogg™ who wrote (297897)	11/17/2004 2:22:47 PM
From: Michael Watkins	Respond to of 436258

USDJPY coming in for a landing at the 2004 lows. The funny thing is, its at these prices where the BOJ said they were stopping intervention (and then it and the USD rallied). That's when I started pounding the table to exit gold around here and GC dropped some 30% if I recall. Note the day they announced end of intervention: trendvue.com At the current rate its not out of the question to expect the USD to travel < 80 to the bottom of this range: trendvue.com And perhaps it will be the resumption of intervention which kicks off the next leg down, after a bump up no doubt, as currency speculators bet on further weakness.