2 April 2001, 10:58  Mitsubishi Trust's Tsuru on Yen's Gain, Miyazawa: Comment

Tokyo, April 2 (Bloomberg) -- Yasuharu Tsuru, a foreign exchangemanager at Mitsubishi Trust & Banking Corp., comments afterJapanese Finance Minister Kiichi Miyazawa said the yen's 3 percentdecline since the middle of last week was ``too rapid'' and said he willkeep ``a close watch on the currency market.'' The yen rose 0.6 percent to 125.77 per dollar from 126.33 in late NewYork trading Friday: ``When the yen's weakness accelerates with high speed, it's naturalthat Japanese authorities verbally intervene (in the market). But thetrend is still for the yen to fall, so I'd recommend you buy dollars ondips.'' He expects the yen to trade between 125 per dollar and 130 per dollarin coming days, closing its Tokyo trading on Friday at 127.50.

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