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As major deregulation occurs in the Japanese finanacial markets over the
coming year with regard to FOREX transactions and holdings of foreign
financial assets by Japanese individuals and institutions, the consensus
opinion here is to expect to see a tidalwave of capital leave the country,
thus a substantially weaker Yen, possibly to the 140-150 level. Of course,
if the consesus opinion is wrong you stand to become filthy rich on this
bet!
cheers,
Rick Mortellra
Tokyo, Japan
> ----------
> > From: Robert Doeden <bdoeden@xxxxxxxxxxxx>
> > To: metastock-list@xxxxxxxxxxxxx
> > Subject: YEN
> > Date: Sunday, September 28, 1997 12:51 PM
> >
> > This is for those commodity traders who complain there isn't
> > much here for them.
> >
> > I have posted my interest in the YEN in recent posts. I
> > feel the YEN is at a point where it is politically
> > unrealistic to expect a further serious softening. This
> > next week may provide a bottom for the YEN. Rather than
> > spend a lot of bandwidth here explaining why I feel next
> > Wednesday will be critical for both the Yen and Japanese
> > stocks I am preparing a longer post that I will email to
> > anyone interested in this subject.
> >
> > I expect to have a 10 contract position in the Yen on
> > Wednesday which is $12,500 for every point the Yen goes up
> > or down.
> >
> > On Thursday I will decide if Hari Kari is necessary.
> >
> > Bob Doeden
> > Chicago
> >
> >
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