91.   If the Fed decides to cut the federal funds rate either by a quarter or a half percentage point, investors may initially sell dollars, many traders said.

92.   If the real threatens to move outside of the band the central bank will buy or sell dollars to keep the currency within the band.

93.   If Japanese investors sold Treasuries, they might replace them with yen-denominated assets, selling dollars in the process, he said.

94.   If the central bank sells dollars for yen, that would reduce the amount of money within the system available for lending, Yoshikawa said.

95.   If they sell dollars on a large scale, the value of a buck will head lower.

96.   In other words, traders bought dollars for yen and sold the dollars for marks.

97.   In selling marks for yen, traders often sell marks for dollars first and then sell the dollars for yen.

98.   In such trades, yen are sold for dollars and then the dollars are sold for marks.

99.   In the short run, if the dollar fails to rise, NEC may opt to sell dollars, he said.

100.   In the spot market, the central bank intervened to sell dollars to weaken the real as it pushed up against the limit of the new trading mini-band.