Message-ID: <7294752.1075861035141.JavaMail.evans@thyme> Date: Tue, 15 Jan 2002 16:24:56 -0800 (PST) From: info@forexnews.com To: sara.shackleton@enron.com Subject: Japanese Preview Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: quoted-printable X-From: @ENRON X-To: Shackleton, Sara X-cc: X-bcc: X-Folder: \Sara_Shackleton_Mar2002\Shackleton, Sara\Deleted Items X-Origin: Shackleton-S X-FileName: sshackl (Non-Privileged).pst [IMAGE] Forums Discuss these points in the Forums: Forexnews Forum T= echnicals Live Charts Analysis available from: Cornelius Luca J.P. Chorek= Technical Research Ltd. Charts & News featuring Standard & Poor's = Interest Rates US: Japan: Eurozone: UK: Switzerland: 1.75% 0.15% 3.= 25% 4.0% 1.25-2.25% [IMAGE] =09 [IMAGE] Japanese Forex Trading = Preview January 15, 7:00 PM: EUR/$..0.8839 $/JPY..131.22 GBP/$..1.4415 $/CH= F..1.6638 Japanese Forex Trading Preview by Darko Pavlovic At 6:50 Japan = Dec net foreign bond selling (exp n/f, prev 573.7 bln yen selling) The dol= lar is trading around 131.20 yen after, rising from a 1-week lows of 130.90= after Chinese Central Bank Governor Dai Xianlong said he hoped Japan would= maintain a stable yen exchange rate. Asian officials raised their concern = while PM Koizumi was on a visit with the yen's fall due to fears that it co= uld spark a round of devaluations throughout Asia. In yesterday session, Se= nior Ministry of Finance official Mizoguchi asserted that FX rates were in = line with adjustments in the Japanese economy. Moreover, as Japanese invest= ors prepare to repatriate assets before the end of the fiscal year book clo= sings in March, the yen is likely to appreciate yet again and set off more = jawboning to weaken the exchange rate. Separately, US Treasury's O'Neill ur= ged Japan to become a greater contributor to global economic growth, adding= that he would discuss the Japanese economic situation in Tokyo next week. = The BoJ will end its second day policy meeting but many expect that possibl= e adjustments to market operations would have little effect on currencies. = Economic Minister Takenaka and BoJ Governor Hayami are due to speak at a ne= ws conference on Wednesday. Japan Dec net foreign bond selling 827.1 bln ye= n (vs. Nov 573.7 bln yen selling). Foreigners Dec net stocks selling 379.2 = bln yen (vs.. Nov 405.6 bln buying) The index for shipments of investment g= oods fell to a 14-year low in November, due to sluggish shipments of cranes= and other types of loading equipment and general machinery. The data indic= ate a constant decline in capital spending by Japanese manufacturers. Resis= tance is eyed at 132.0, 132.20 and 132.70. Support holds at 130.80, 130.50 = and 130.0. The euro fell to a 2-week low of 88.27 after the release of th= e better-than-expected US retail sales data, which rose to 0.1% in December= from the previous revised 3.0%. For most of the session, the pair has been= hovering around the key 89.10 level, which marks the 50% Fibonacci retrace= ment of the move from 82.25 to 95.96. The single currency also dived by mor= e than a whole yen to a 2-week nadir of 115.71 against the Japanese currenc= y. The euro was unable to capitalize on the third consecutive monthly rise = in the German ZEW indicator by 3.9 to -83.9, as the ZEW expectations index = advanced 10.1 to 35.9. Additionally, the ZEW Eurozone indicator eased by 4.= 7 to -72.8, while the expectations component improved 12.8 to 43.1. Support= is viewed at 88.0, 87.50 and 87.0. Resistance is seen at 89.50, 90.0 and 9= 0.50. Tomorrow's release of US industrial production is forecasted to retu= rn to positive territory for the first time in fourth months to somewhere b= etween 0.0%-0.3% in December from the previous -0.3%. The improvement in in= dustrial production is due to rises in hours worked and increases in auto p= roduction, and bodes well for the manufacturing outlook. Capacity utilizati= on is seen to edge up to 74.8% in December from the previous 74.7%. In addi= tion, US CPI data is expected to hold steady at 0.0% in December helped by = falling energy prices, as core CPI slips to 0.1% from the previous 0.4% ind= icating that price pressures remain subdued. Traders will also examine the = afternoon release of the Fed Beige Book for its clues about the Fed's econo= mic and monetary policy outlook. This week's other major indicators from = the US consist of jobless claims, housing starts and permit, the Philadelph= ia Fed survey, international trade, and the University of Michigan confiden= ce survey.Key Eurozone data include German GDP, French current account bala= nce, Italian CPI, Dutch GDP and Italian industrial production. From the UK,= traders await the labor market report for further direction on the pound. = Highlights from Japan comprise balance of payments, Cabinet Office economy = watchers survey, Tokyo department store sales and industrial production. = =09[IMAGE] Audio Mkt. Analysis European FX Make Late Slide Articl= es & Ideas Greenspan Widens Door for One More, But... A Weak Yen Is the = Solution for Now Articles & Ideas Forex Glossary Economic Indicato= rs Forex Guides Link Library [IMAGE] =09 =09=09[IMAGE][IMAGE] [IMAGE][IMAGE]=09 =09=09 This e-mail is never sent unsolicited. If you wish to unsubscribe fr= om this or any other Forexnews.com newsletters, please click here . =09