Message-ID: <18460538.1075861046533.JavaMail.evans@thyme> Date: Sun, 10 Mar 2002 16:16:59 -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 March 10, 7:00 PM: EUR/$..0.8737 $/JPY..128.19 GBP/$..1.4205 $/CHF..1= .6863 Japanese Forex Trading Preview by Stacey Yang At 12:00:00 AM Japan = January Machinery Orders M/M (exp 5.1%, prev 0.5%) January Machinery Orde= rs Y/Y (-12.4%, prev n/a) The yen is trading around 128.19 against the dol= lar, having yielded to the heartened dollar on Friday's release of the stun= ning US labor market report that fanned hopes of a US economic recovery. US= non-farm payrolls rose for the first time since July 2001 and by its large= st amount in a year to 66k in February from the previous revised 126k, mark= ing a positive development in the heretofore struggling labor market. Moreo= ver, in contrast with forecasts, the US unemployment rate also declined for= the second straight month to its lowest since October 2001 to 5.5% in Febr= uary from the previous 5.6%. The Japanese currency had been held back by j= awboning comments in the previous Asian session, as Japanese officials expr= essed their displeasure with the yen's week-long rally and its largest surg= e against the greenback in two years. Japan's Economics Minister Takenaka a= nd the MoF's Kuroda warned that the Finance Ministry could take action agai= nst rapid currency fluctuations. Nonetheless, the yen is likely to find s= trength on repatriation ahead of the fiscal year-end on March 31, despite d= ismal economic conditions. The latest GDP data showed that growth fell 1.2%= q/q in Q4 for the third straight quarter, and once the artificial support = is eliminated, analysts believe a fall in the yen is inevitable. However, J= apanese assets may see further inflows as institutions have begun looking m= ore favorably to non-US assets in light of glimmers of a US-led global reco= very. LDP Secretary General Taku Yamasaki remarked that he would strive to= ensure that the economy would bottom by next fall at the very latest. And = indeed there is much reason to hope for a brighter Japanese economic outloo= k. The Nihon Keizai Shimbun reported that the Cabinet Office is purportedly= planning to leave out the term worsening for the first time in 10 months= in its March economic assessment report, in what would be the first upward= revision in its economic outlook since June 2000. According to insiders, E= conomics Minister Takenaka is expected to comment that although the econom= y is still struggling, there appears to be improvements in certain areas . = Consumer spending and capital investments continue to show signs of weaknes= s, whereas the decline in exports looks to have eased as the US economy exh= ibits signs of a recovery. In addition, another area of improvement in Japa= n's beleaguered economy is seen in the inventory adjustments in electrical = machinery and other goods. This week's US economic highlights include wh= olesale trade, retail sales, jobless claims, business inventories, import/e= xport prices, current account balance, PPI, industrial production, and the = University of Michigan consumer confidence survey. Key Eurozone indicators = consist of GDP, German foreign trade, French CPI, Spanish retail sales, Spa= nish CPI, ECB monthly bulletin, French employment, French industrial produc= tion, Italian industrial production, French trade balance, and Italian CPI.= =09[IMAGE] Audio Mkt. Analysis Dollar Recovers on Solid Jobs Report = Articles & Ideas Yen's March Madness Will Dollar be Fuelled against the= Euro? Articles & Ideas Forex Glossary Economic Indicators 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 f= rom this or any other Forexnews.com newsletters, please click here . Any = opinions expressed by representatives of Forexnews.com or its affiliates as= to the commentary, market information, and future direction of prices of s= pecific currencies reflect the views of the individual analyst, and do not = necessarily represent the views of Forexnews.com or its affiliates in any w= ay. In no event shall Forexnews.com or its affiliates have any liability fo= r any losses incurred in connection with any decision made, action or inact= ion taken by any party in reliance upon the information provided in this ma= terial; or in any delays, inaccuracies, errors in, or omissions of informat= ion. =09