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To: Tommaso who wrote (12910)	1/10/1998 6:22:00 AM
From: Jack Clarke	Respond to of 18056

Tommaso, Good morning! I like that D/D ratio. Also see my post (remarking on yours) on the Rambi thread. Sorry I didn't credit you with the dumpster call. I like your portfolio distribution, BTW. Mine is about the same. Jack

To: Tommaso who wrote (12910)	1/10/1998 6:37:00 AM
From: Real Man	Respond to of 18056

Futures on European currencies are up on globex. Here are speculations on Yen vs dollar from nikkei.net; if the dollar starts to sink with respect to the yen, the Japanese might sell (?) Forex: Dollar Moves Wildly On Speculation BY TATSUYA INOUE TOKYO (Nikkei)-The dollar traded in a wide band Friday due to anxiety about coordinated intervention and concern about the Japanese economy, players said. After falling sharply on selling to secure profits, it recovered mid-morning on concern about economic recovery in Japan. Worry about central bank intervention at the 132.68 yen level caused forex players to sell the dollar. Adding to the rush, players bought yen against the greenback after a major Liberal Democratic Party politician said the one-time income tax cut should be continued next year and afterwards. At 5 p.m., the dollar traded at 131.37-131.40 yen, down from 131.50-131.53 yen at 9 a.m. It was quoted at 1.8112-1.8117 German marks, down from 1.8190-1.8198 marks at 9 a.m. Trading was very active today, with many participants placing orders, said Takashi Toyahara, chief dealer at Nippon Credit Bank. "Some players with dollar-long positions rushed to sell the U.S. unit against the yen later in the afternoon. This could continue for a while, making the yen bullish," he said. The comment was received warmly by forex players, despite reservations about whether the government could endorse that policy, Toyahara added. Many players are watching the dollar closely to see if it will fall below 130 yen. "If the U.S. currency does fall below 130 yen, it will mean a new phase for the dollar," one analyst said.