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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: 007 who wrote (7106)	2/2/1999 12:29:00 AM
From: Lucretius	Read Replies (3) \| Respond to of 14427

depends on whether the BOJ caused enough of a rally in the dollar when the slowed the yen's rise to mask the selling pressure. Someone sells when someone buys. Shorts could have easily covered into Japanese repatriation and then were finally overwhelmed recently so the yen has risen. Or perhaps the Japanese sold out a month ago and the bond mkt is just starting to break from the overhang of supply. Just my speculation. we'll never know till later I guess. I seriously doubt the Japanese would sit around and take 30% loss on currency. Much like dollar holders weren't going to stand around and hold Brazilian stock and debt. You didn't hear Brazilians standing around sayin... "those americans would never sell our stuff" Only here in the good 'ole arrogant USA do you hear that (G)