Late Monday afternoon, before yesterday's sharp appreciation, the Dow was off 9.7 percent.
The sharp appreciation of the yen is one reason for the change in attitude.
The system has been worried about the sharp appreciation of the German mark and the effect of the dollar's drop on their economies.
International Japan's battered financial markets have received a lift from an unlikely source: a sharp appreciation in the value of the yen.
Investors were also encouraged, analysts said, by the sharp appreciation of the dollar during the first week of 1988.
Short-term securities continued to attract buyers, despite sharp appreciation last week.
Despite high hopes, the sharp appreciation of the yen against the dollar has not done the trick.
He has a sharp appreciation for the vacillations of appliance repair.
These measures, which are at least partly due to the sharp appreciation of the Japanese yen, is beginning to mount.
Even a sharp appreciation in the Chinese currency against the dollar would only shift some goods from one market to another.