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Felix,
Strange strength in the Yen? Or lack of it. The Sep Yen was a huge laggard
in the Futures on Fri? Was there a sudden recovery somewhere else in some
other market?
How could there be (cash or other) without being reflected in the Futures
markets?
Brian.
-----Original Message-----
From: Felix TY [mailto:felixty@xxxxxxxxxxx]
Sent: Sunday, August 30, 1998 5:10 PM
To: omega-list@xxxxxxxxxx
Subject: Re: Russia - Problem - what problem?
> Michael,
>
> The only possible reason I can think of is The Federal Reserve will be
lowering
> the interest rate soon. And now being preempted by the smart money. Look
at Yen
> sudden recovery because all its bad news has been discounted,almost no
more worse
> news to go for the immediate future, the shorts are starting to cover,be
it hedge
> fund
> managers, central bank and the major international banks. Since this move
will come
> as a surprise to the markets (public at large). But not the smart money.
>
> Anyway , a lower US rate and currency will be a great helping hand and
breathing
> space for all countries in crisis in the world right now and at the same
time help
> support US market (and also lower cost of doing business by US companies)
too!
> So, this is a very rational decision.
> Felix
> > The US dollar started DOWN in earnest this past two days. Notice the
strange
> > strength in the JY. Was it the banks manipulating again or a fundamental
> > shift in the intermediate term world wide sentiment on the US dollar?
> >
> > Every country's currency has been crapping, except America, yet today
the
> > USD is dropping. Why is that?
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