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To: Lee who wrote (70330)	10/8/1998 11:17:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 176387

Sure Lee,I heard they calling this phenomenon an 'abberation' which will be corrected as soon as soon as the markets calms down.This has always has happened,just like people flock to gold, a transient phenomenon at best and hardly anything to do with recession. The time to buy bond has already past its prime just like time to short the market at these levels I think.If anybody wanted to do it they should have done it a while ago and not here I would say.

To: Lee who wrote (70330)	10/8/1998 11:34:00 AM
From: Mohan Marette	Respond to of 176387

Dollar/Yen- Even the 'dog' has his day in the sun. Thursday October 8, 10:59 am Eastern Time Indonesia says yen strength to help its exports WASHINGTON, Oct 8 (Reuters) - Indonesia said on Thursday the Japanese yen's startling rise against the dollar in the past few days could help bolster its exports, although the speed of the rally was a concern. ''Perhaps it (the yen rally) is too fast,'' Finance Minister Bambang Subianto told reporters. ''On the other hand, this will have also some influence on our side, with respect to our exports -- the competitiveness of Indonesian products.'' The dollar fell to a 15-month low of 111.65 yen earlier in the day, after finishing Wednesday at around 121 yen and trading as high as 136 yen on Monday. By mid-morning U.S. business, the U.S. currency had recovered to above 119 yen. The yen's long decline since mid-1995 and Japan's economic slowdown had hurt exports from Southeast Asia's developing countries, but Subianto said there were ''pluses and minuses'' in the latest dollar/yen swing.