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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (16102)	4/11/1998 10:48:00 PM
From: Death Sphincter	Respond to of 94695

barry i think there are others here that are much more qualified than i to interpret the ramifcations of the BOJ move. the USA certainly doesn't want to see the Jap economy go into a recession. they also want to see a strong dollar but not a collapse of the yen. if Rubin were to say that the USA would block the BOJ move it could create quite a conflict. it seems as though we would like to keep things SMOOTH but of course with the advantage towards the USA. i seem to remember the Jap saying that they are comfortable with the Yen in the 120-125 range several months ago. this could help them to stimulate exports...but they don't want the Yen totally trashed. Rubins comment ...TO ME...means OK get some support for the Yen..we are not going to block it, we don't want a collapse. to the bonds it MAY mean the downward spiral of import costs has stalled or stopped and the PPI etc. may stop its steady decline and possibly reverse, now this COULD lead to fear of inflation pressure. rather than BWDIK, i say WHAT THE HELL, THIS WHOLE THING IS NUTS!!!! Carl