Message-ID: <16810655.1075861036244.JavaMail.evans@thyme> Date: Sun, 20 Jan 2002 16:46:11 -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: <info@forexnews.com>@ENRON X-To: Shackleton, Sara </O=ENRON/OU=NA/CN=RECIPIENTS/CN=SSHACKL> 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 20, 7:00 PM: EUR/$..0.8858 $/JPY..132.40 GBP/$..1.4368 $/C= HF..1.6592 Japanese Forex Trading Preview by Darko Pavlovic No key data.= Dollar seem well supported around 132.60 yen, waiting for official comme= nts from US Treasury Secretary O'Neill who will meet Japanese officials on = Monday to talk about the USD/JPY directions. In the past three months the y= en fell around 9% vs. the dollar making Japanese currency more competitive = abroad. A strong dollar policy prompted talks between representatives of th= e National Association of Manufacturers and the US Treasury Undersecretary = for International Affairs Taylor on Friday. Prior to his meeting with NAM r= epresentatives, Undersecretary Taylor reiterated that O'Neill still believe= s in the strong dollar policy. Taylor said he would listen to their view on= the economy, which he forecasted would grow at a rate around 3% by the end= of the year, thus marking a "pretty good recovery". On Friday Bank of Japa= n Governor Hayami said that that it was important to maintain strong curren= cy, adding that there is no central bank, which would like to see its curre= ncy decline. In contrast, Finance Minister Shiokawa said that the value of= the yen is decided by market movements suggesting that the government is = happy with the current currency's level. Economic Minister Takenaka said th= at yen's recent fall was natural taken into consideration weak economy and = central bank's monetary easing. Support is seen at 132.0, 131.80 and 131.60= . Resistance is eyed at 133.0 and 133.35. EUR/USD is trading around 88.50 = unchanged from Friday, as EUR/JPY also climbed nearly two-third yen to a 3-= session high of 117.38. On Friday, the single currency had been weighed by = the largest monthly drop in 9 years in Italian industrial production of 2.6= % m/m or 5.7% y/y that prompted Italy's ISAE to gloomily remark that it for= esaw preliminary Q1 2002 industrial output being "stagnant" and in line wit= h Q4 2001. The EU's statement that Eurozone GDP for 2001 could have fallen = to a level between -0.3% and 0.1% also lent to the gloom hitting the euro. = Resistance is seen at 88.80, 89.50 and 90.0. Support is viewed at 88.0, 87.= 50 and 87.0. Looking ahead to this week, key US indicators include the Ind= ex of Leading Indicators, jobless claims and existing home sales. Fed Chair= man Greenspan's testimony before the Senate Budget Committee will be the ma= jor event of the week, with markets cautious to hear his remarks on the eco= nomy. From the Eurozone, major data due for release consist of Euroarea for= eign trade, Euroarea industrial production, HICP, French CPI, Italian indus= trial orders, Euroarea labor costs, German CPI, Italy's ISAE consumer confi= dence survey, ECB monthly bulletin, German PPI, Italian CPI, Italy's ISAE i= ndustrial confidence survey, Italian retail sales and Spanish PPI. Economic= highlights from Japan comprise the trade balance, index of tertiary sector= activity, corporate service prices and consumer prices. The ministerial = conference on Afghan reconstruction opening Monday in Tokyo is expected to = goes through a three-phase rebuilding process and a promise of total financ= ial assistance of about 2.5-3.0 billion dollars over the next two-and-a-hal= f years. Japan promised to donate around 500 mln dollars. =09[IMAGE] A= udio Mkt. Analysis Dollar Fails to Rise on Strong U.Michigan Article= s & Ideas Philly Fed-Supported Optimism EUR/USD: Technical Analysis = Articles & Ideas Forex Glossary Economic Indicators Forex Guides Li= nk 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 . Any op= inions expressed by representatives of Forexnews.com or its affiliates as t= o the commentary, market information, and future direction of prices of spe= cific currencies reflect the views of the individual analyst, and do not ne= cessarily represent the views of Forexnews.com or its affiliates in any way= . 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