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

To: Dayuhan who wrote (6153)	9/4/1998 8:33:00 AM
From: Joseph Beltran	Respond to of 9980

Steven, Some commentators have stated that the recent "rebound" of the yen versus the dollar was attributable to the fact that many hedge funds -who had shorted the yen- were buying yens to take their profits and close out their positions so they could cover losses elsewhere (i.e. russia. makes ense to me because I otherwise see absolutely no reason for the recent rebound in the yen since Japan has done diddly squat about their problems except more talk. would love to be a fly on the wall during rubin's meeting with japanese mof today.... regards