71. Japanese exporters sell dollars and buy yen to repatriate profits, flooding the market with dollars. 72. Japanese investors locked in profits by buying the yen following its decline against several European currencies last week, traders said. 73. Japanese exporters sell dollars and buy yen in repatriating their profits, thus flooding the market with dollars. 74. Most selling came from short-term interbank players who bought the yen, said Shuji Takano, assistant foreign exchange manager at ABN-Amro Bank. 75. On the foreign exchange market, the dollar slid as both Japanese and overseas players bought the yen to escape from falling markets in Russia and the United States. 76. Selling of the German mark to buy the yen also weighed on the dollar, they said. 77. That led to speculation monetary authorities might buy yen to strengthen the Japanese currency. 78. Supplies fell that month as the Bank of Japan waged an aggressive campaign to prop up the weakening Japanese currency by selling dollars and buying yen. 79. That entails selling dollars and buying yen. 80. That led to speculation monetary authorities might buy yen and sell-off dollars to strengthen the Japanese currency. |