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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: Dwight E. Karlsen who wrote (10808)	12/16/1997 11:22:00 PM
From: Moonray	Respond to of 22053

BOJ sells dollars steadily near,below Y127-traders Tuesday December 16, 11:03 pm Eastern Time TOKYO, Dec 17 (Reuters) - The Bank of Japan (BOJ) sold dollars persistently around 127 yen and below in Tokyo afternoon trade on Wednesday, traders said. The central bank earlier sold dollars at about 129 yen and selling was also detected at 127.80 yen, traders said, adding that it was the first time since August 1992 that the BOJ had sold dollars for yen. One dealer said the BOJ had sold dollars at 127.50 yen. Eisuke Sakakibara, Japan's Vice Finance Minister for International Affairs, told Reuters that Japan had taken decisive steps to cope with an excessive weakening of the yen. Commenting on market talk of dollar-selling intervention by the BOJ on Wednesday, he said: ''We have taken decisive measures to cope with an excessive depreciation of the yen.'' As of 0355 GMT, the dollar stood at 126.05/15 yen after falling as low as 125.85 yen. o~~~ O