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


To: dougjn who wrote (6319)9/10/1998 8:12:00 AM
From: Worswick  Respond to of 9980
 
This is a great idea - no sarcasm intended - but you have to factor the yen dollar exchange rate which has swung in the last 18 months from 79 to 145 per dollar. Similar swings can happen with any currency against any other currency in the current economic climate.

So, unless you buy a hedge as an "offset" you aren't protected. If you're on the wrong side of this trade and you borrow at 130 and have to pay back at 85 you will learn what pain is.

My best to you all,

Clark