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I wonder if there was any system or methodology could predicted Today's big
drop in USD/JPY, almost 600 points in forex market, which is worth almost
$4,000 if you held a one IMM equivalent contract.
If there was,,,,I think only EWave or Fib number based system could
predict.
Any one predicted??
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> From: Wayne <wayner@xxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Gen: Asian Markets
> Date: Tuesday, December 16, 1997 10:27 PM
>
> This will probably kick into our markets today.
>
> JAPANESE PRIME MINISTER CALLS FOR ONE-TIME TAX CUT
> DEC. 17
>
> Japanese Prime Minister Ryutaro Hashimoto called for a
> one-time 2 trillion yen ($15.4 billion) cut in individual
> income taxes to help lift the economy out of its slump.
> Speaking at a nationally televised press conference, the
> prime minister said the tax cut, to be implemented before
> March 31, will be financed by deficit-covering bonds.
> Japanese stocks soared. The benchmark Nikkei 225 stock
> index rose 513.89 yen, or 3.21 percent. The dollar plunged
> against the yen, as low as 126.90 yen or 3.5 percent, its
> biggest one-day decline against the yen since August 8.
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