Message-ID: <6469166.1075863190997.JavaMail.evans@thyme> Date: Sun, 18 Nov 2001 16:09:06 -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: \SSHACKL (Non-Privileged)\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: 2.0% 0.15% 3.2= 5% 4.0% 1.75-2.75% [IMAGE] =09 [IMAGE] Japanese Forex Trading Prev= iew November 18, 7:00 PM: EUR/$..0.8842 $/JPY..122.88 GBP/$..1.4273 $/CHF.= .1.6574 Japanese Forex Trading Preview by Darko Pavlovic No key data. T= he dollar is near a three week high vs. the yen, trading around 122.85 and = could break key resistance level of 123 on hopes about the war in Afghanist= an and recovery of the US economy and further cases of deterioration in Jap= anese economy. The yen was weighted by the news of five Japanese banks that= filed for bankruptcy, as well as pessimism surrounding the structural refo= rms. Even though the government approved a 3 trillion yen extra budget, man= y detractors believe it is insufficient to redress the nation's economic wo= es and may necessitate a second extra budget that would drive spending abov= e the official caps. News of the acquisition of Lucent's fiber-optics divis= ion by Japan's Furukawa Electric Co. for $2.3 billion is likely weighing on= the yen as well, since the president of the firm announced Furukuawa would= finance the purchase with $1.06 billion from cash reserves and take out a = bank loan of $1 billion. Last week, the Bank of Japan decided in a unanimou= s vote to keep monetary policy unchanged by leaving its liquidity target ab= ove 6 trillion yen. Upside capped at 123.0, 123.30 and 123.65. Support stan= ds at 122.50, 122.30 and 122.0. The euro is trading around $0.8840 maintai= ning a firm tone vs. the greenback after Friday's data showed the largest d= ecline in US industrial production since November 1990, and German Chancell= or Schroeder survived parliamentary non-confidence vote. The dollar was sup= ported from further falling vs. the euro on news that top Bin Laden deputy = Mohammed Atef was killed in the US bombing campaign against the Taliban in = Afghanistan. French Finance Minister Fabius stressed that Europe's economy = is basically sound and they are attempting to promote growth. Fabius deplor= ed the IMF world economy forecasts as being "too pessimistic" and denied th= at it is "not true that there is recession everywhere". Traders anticipate = next Wednesday's release of Germany's Ifo business climate index (an estima= te of German growth, which accounts for about one-third of the Eurozone) to= verify if it will recover slightly in November to 86 after plunging to 85 = in October from 89.5. Markets also await Eurozone industrial production fig= ures for September, which likely dropped since French and Italian outputs d= eclined. Disappointing results will most likely spark renewed selling in th= e euro. Resistance is viewed at 89.0, 89.30 and 89.50. Support is seen at t= he 88.0-cent figure, backed by 87.70 and 87.40. This week the key US indic= ators consist of housing starts and permits, international trade, the index= of leading indicators, jobless claims and the University of Michigan Confi= dence survey. From the Eurozone, economic highlights include Euroarea indus= trial production, French current account balance, Italian CPI, German CPI, = German Ifo business climate index, German GDP, German PPI, German import pr= ices, French GDP, and Italy's ISAE business confidence survey. Japanese dat= a due for release are the trade balance, the index of tertiary sector activ= ity and the BoJ Corporate Service Survey. Economic data from the UK compris= e the trade balance and the minutes from the Bank of England's Monetary Pol= icy Committee Meeting on Nov.8-9. =09[IMAGE] Audio Mkt. Analysis Further= Losses for GBP, EUR Steadies Articles & Ideas OPEC: The beginning o= f a price war? Dollar Regains key Pre-Sept 11 levels Articles & Ide= as 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 . =09