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To: Alex who wrote (29576)	3/8/1999 3:12:00 PM
From: Bobby Yellin	Read Replies (2) \| Respond to of 116764

Hi I wish somebody would ask greenspan that if the labor market is so tight..month after month..how come there was a penny rise in wages for the month.. wish they would also ask him exactly what he means by productivity.. ie how much worker works versus how little he gets in raises? Also I wish Cuomo would ask Greenspan about house affordability.. there was interesting article in times the other day..

To: Alex who wrote (29576)	3/9/1999 7:47:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116764

Dollar Falls Against Yen for Fourth Day; Rising Yields Speed Repatriation Dollar Falls vs Yen 4th Day: Rising Yields Speed Repatriation Tokyo, March 10 (Bloomberg) -- The dollar fell against the yen for a fourth day to a one-week low as a rise in Japanese bond yields could speed the pace of the yen's repatriation before Japan's March 31 fiscal year-end. Japanese exporters sold dollars to bring their overseas profits home. Rising bond yields could coax them to repatriate even more of their assets by making domestic investments more attractive. ''Japanese exporters are selling dollars,'' said Tetsu Aikawa, a foreign exchange manager at Sanwa Bank Ltd. ''The bond movement will decide the dollar's direction. If yields continue to rise, the yen will gain ground.'' Aikawa expects the dollar may slip below 120 yen throughout this month. The dollar was quoted at 120.69 yen, down from 121.17 yen in late New York trading yesterday. The euro was quoted at $1.0889, up from $1.0881 in New York. The U.S. currency fell as low as 120.45 yen yesterday, its lowest since March 1, as rising bond yields increased the allure of yen-denominated securities. The yield on the benchmark No. 203 bond maturing in 2008 rose 7 basis points to 1.70 percent after Bank of Japan Gov. Masaru Hayami suggested Japanese interest rates may rise. The dollar's fall, though, may be limited amid expectations U.S. growth will stay robust, while Japan is wrestling with its worst recession in half a century, some traders said. ''While the dollar seems falling ahead of Japan's fiscal year-end, it looks firm,'' because of the U.S. stable growth, said Tetsuhisa Hayashi, a foreign exchange manager at Bank of Tokyo-Mitsubishi Ltd., who expects the dollar to trade between 120.50 and 122 yen today. In other trading, the dollar was quoted at 1.4660 Swiss francs, down from 1.4669 Swiss francs in late New York trading yesterday. The British pound was quoted at $1.6175, down from $1.6176 in New York. ©1999 Bloomberg, LP. All rights reserved. Terms of Service and Trademarks.