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To: Gersh Avery who wrote (4242)10/8/1998 3:37:00 AM
From: smolejv@gmx.net  Respond to of 11051
 
I understand from morning news here that the Y/$ free fall is due to hedge funds closing their positions and looking (desperately) for Y. IOW nothing to do with Japanese banks - except BOJ and its gigantic liquidity spurts since the beginning of the year, which the hedge hogs gladly took on their books.