yen outlook vince , as a followup to our meeting with david port and rudi zipter re enron ' s investment in sk - enron , maureen and i wrote the attached position paper on the japanese yen . as we have discussed , the volatility of the won closely tracks fluctuation in the yen , and this yen position paper is intended to complement the won outlook piece for a broader perspective on currencies that takes into account the yen ' s influence on asian currencies . . we would like to distribute this outlook to david and rudi , but wanted to send it to you for initial reaction prior to internal distribution . thank you , and let me know if you have any questions or comments re the attached . gwyn