Message-ID: <31802695.1075861044792.JavaMail.evans@thyme> Date: Sun, 3 Mar 2002 16:21:34 -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 Pre= view March 3, 7:00 PM: EUR/$..0.8649 $/JPY..133.49 GBP/$..1.4188 $/CHF..1.= 7085 Japanese Forex Trading Preview by Darko Pavlovic No key data. The= dollar is trading around 133.40 yen ahead of Monday's Tokyo trading, as Ja= panese currency remain supported by repatriation flows before the end of th= e fiscal year on March 31. They yen was boosted last week after unemploymen= t rate fell to 5.3% in January from the previous revised 5.5%. In particula= r, the Japanese currency was boosted as traders covered their short positio= ns ahead of regulatory changes about the short-selling of equities that sen= t the Nikkei surging over 2% or 224 points to a 2-month high of 10812. Japa= nese Economics Minister Takenaka said on Friday that it may be necessary to= consider taking more steps to further stabilize Japan's financial system b= efore the end of the fiscal year. However, he did not commit to the injecti= ng of public funds into major commercial banks to help them deal with the m= assive bad loans on their books, which is considered a prerequisite for Jap= an to proceede with reforms. The BoJ announced that the nation's monetary b= ase rose by 27.5% in February from a year earlier, the highest increase sin= ce August 1974, the sixth consecutive month of double digit growth. The F= SA plans to have banks issue stock that would grant the government voting r= ights on matters related to the appointments and dismissals of board direct= ors if they will have to receive public funds to avert a financial crisis, = agency sources said Saturday.Support is seen at 133.0, 132.50- the support = lying on the trend line extending between the lows January 9 through Februa= ry 15, followed by 132.20. Upside capped at 134.0, 134.40 and 134.80. EUR/= USD is trading around 86.50 underpinned last Friday's release of Eurozone P= MI that rose to 48.6 in February from the previous revised 46.3, the highes= t level in the index in 10 months, and suggests that an economic recovery i= s in the works. However, the single currency's gains were limited by Eurozo= ne retail sales which slid to -0.6% m/m in December from the previous 1.2%,= or to 0.4% y/y from the previous 1.3%, as well as a decline in French cons= umer confidence to -15 from -12 in a reversal of four straight monthly gain= s. Thus in the face of mixed signals of economic improvement and restrained= by inflationary pressures, the European Central Bank is seen as unlikely t= o cut rates when it meets next Thursday. Support is viewed at 86.30, backed= by the 86.0-cent figure, and 85.50. Resistance is seen at 87.0, 87.40 and = 87.80. The ECB and BoE are likely to keep interest rates unchanged at this = week's policy meeting. The ECB, will probably leave benchmark lending rate = at 3.25% and the U.K. central bank will maintain its key lending rate at 4%= o 1.75 percent from 6.5 percent. Looking ahead, major data due from the U= S consist of the non-manufacturing ISM PMI, factory orders, productivity, c= onsumer credit, and the labor market report. Key Eurozone indicators includ= e the Euroarea business and consumer confidence survey, Euroarea PPI, Germa= n import prices, Euroarea Services PMI, Euroarea unemployment, German Servi= ces PMI, French Services PMI, Italian Services PMI, Spanish industrial prod= uction, German manufacturing orders, German unemployment, ECB rate decision= , Italian GDP and Dutch CPI. Highlights from Japan comprise the employment = survey, MoF corporate survey, indices of business conditions, GDP, money su= pply and wholesale prices. =09[IMAGE] Audio Mkt. Analysis European FX Dr= op After ISM Articles & Ideas Euro: The Lonely Tender JPY: Koizumi= Fails To Deliver 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. 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