Message-ID: <7787689.1075861040462.JavaMail.evans@thyme> Date: Sun, 10 Feb 2002 16:49:52 -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 Pre= view February 10, 7:00 PM: EUR/$..0.8706 $/JPY..134.97 GBP/$..1.4131 $/CHF= ..1.6937 Japanese Forex Trading Preview by Darko Pavlovic No key data. = The dollar is trading near its one-week highs vs. the yen, around 135, as t= he markets expressed their pessimism about Japanese economic outlook and co= ncern that the government and the BoJ are behind the curve in boosting the = growth. The BoJ left interest rates unchanged last week and did not announc= e any new measure to fight inflation and boost the growth. Even the governm= ent was hoping that the central bank would decide to raise purchases of JGB= s or take other measures to pump more liquidity into the system. The Nihon = Keizai reported that the government could inject more than10 trln yen until= September, but with request that the central bank further ease monetary po= licy. Economic Minister Takenaka said that the plan could also deal with th= e launch of government fund to buy shares that banks hold in other companie= s. Finance Minister Shiokawa said Friday that he wants MoF to provide aroun= d 2 trln yen to buy stocks from banks and asked the central bank to raise m= onthly bond purchases to 1 trln yen. At G-7 meeting BoJ Governor Hayami sai= d the central bank will support PM Koizumi's reforms as much as possible .= Support is viewed at 133.40, 133.0 and 132.65. Resistance is seen at 135.1= 5 and 135.50. At G7 Finance Minister's Meeting held this weekend in Otta= wa, Canada, ministers showed enthusiasm about the US growth and said the ec= onomic outlook has improved since their last meeting. The G-7 did not talk = about the weak yen and markets could be prompt to believe that fin minister= s are comfortable with the current yen's level, which could bring the Japan= ese currency to new lows. Japanese officials talked about the steps necessa= ry to get the country out of recession and their US counterpart O'Neill sai= d ministers were satisfied with explanation. G 7 Ministers also refrained= from promising any financial help to Argentina. EUR/USD is trading aroun= d 87 cents after rising on Friday to a 2-week highs of 87.53 boosted by ris= e in German industrial production to 1.9% m/m from the previous -0.8%, or o= n an annual basis to -1.8% from the previous -4.8%, that foretells of a pic= kup in growth. Markets had been expecting a modest gain to 0.1%. EUR/USD en= ded down roughly 10 pips from its opening level, as the dollar benefited fr= om a late-day rally in US equities. Upside capped at 87.50, 88.0 and 88.50.= Support holds at 87.0, 86.65 and 86.40. Looking forward to this week, ma= jor US economic releases include retail sales, jobless claims, business inv= entories, import prices, PPI, industrial production and the University of M= ichigan confidence survey. Key Eurozone indicators consist of Spain's labor= force survey, Euroarea EcoFin meeting, German foreign trade, Spanish retai= l sales, ECB monthly bulletin, Dutch GDP, French employment, French trade b= alance, French industrial production and Italian industrial production. Hig= hlights from Japan comprise the balance of payments, Cabinet Office economy= watchers survey and GDP. Markets will be closed in Japan on Monday in obse= rvance of National Foundation Day. =09[IMAGE] Audio Mkt. Analysis EUR/JP= Y Sets the Pace Articles & Ideas The Swiss National Bank and the fra= nc A Weak Yen Bites Articles & Ideas Forex Glossary Economic Indi= cators Forex Guides Link Library [IMAGE] =09 =09=09[IMAGE][IMAGE] [IMAGE][IMAGE]=09 =09=09 This e-mail is never sent unsolicited. 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