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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Enigma who wrote (988)	11/2/1998 3:26:00 PM
From: Paul Berliner	Respond to of 3536

Of course they are - but only to the extent of there own forecasts for the year, whereby they attempt (the smart ones at least) to lock in a minimum profit should the yen strengthen too much. However, a 20 yen move in 2 days can not be anticipated nor hedged against. Sony has lowered its profit outlook by over 20% since the violent move. Ditto Hitachi & Toshiba. The carmakers are soon to follow with similar warnings, as there vehicles will now cost an American a bit more than before. The winners are U.S. carmarkers, U.S> chipmakers and U.S. Steel producers (the latter of which whom might have someting to do with the yen rally).