Hedge funds and the yen

Doyle Saylor djsaylor at primenet.com
Sat Oct 10 08:17:20 PDT 1998


Hello everyone,

Question, how much money was involved in the movement of the yen from 135 to the dollar, to 111 to the dollar. According press reports of AP, New York hedge funds were damaged by the move when they had bet big time that the yen rate would go up to 150. The Japanese fed into the "panic" by selling dollar assets to cover with the best securites they have the deteriating situation. This has shaken the standard of U.S. securities according to reports. How much money is involved is the question. Isn't there some way to estimate the amount needed to make the yen go down in one weeks time from 135 to 111. (the trading level has gone back up above 111 for now).

regards, Doyle Saylor



More information about the lbo-talk mailing list