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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?


To: JF Quinnelly who wrote (5921)8/27/1998 2:58:00 AM
From: Brad Bolen  Read Replies (2) | Respond to of 9980
 
RE: They sell the D-mark for dollars,
and use those dollars to buy yen. So the yen goes up, even as the Nikkei goes down. Weird.

Why would they buy yen if everyone thinks it will drop to 150-160 per dollar? I agree, that seems weird.

B.