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[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 18, 7:00 PM: EUR/$..0.8704 $/JPY..132.67 GBP/$..1.4278 $/CHF= ..1.6993 Japanese Forex Trading Preview by Darko Pavlovic No key data. T= he yen is little changed vs. the dollar trading around 132.65, after market= s got little direction from Bush-Koizumi meeting. All eyes are on Bush's sp= eech at Diet (Parliament) at 11:30 PM EST. In a speech he will deliver to t= he Diet U.S. President will likely state strong hopes that Japan will regai= n a competitive edge and will indicate Japan's prospective to achieve high = economic growth. The yen briefly hit 132.90 against the dollar on gaff by P= resident Bush that he had discussed "devaluation" with Japanese Prime Minis= ter Koizumi. Not long afterwards, the yen corrected against the greenback o= nce it was discovered that President Bush had confused the term devaluation= with deflation. The two leaders also spoke about the problems facing Japan= 's economy, such as deflation and bad loans, and structural reforms to addr= ess those problematic areas. Koizumi once again vowed to stave off a financ= ial crisis, while defending his administration by saying that reform measur= es could not be accomplished in only one year. Three economic ministers exp= ressed their disapproval with injections of public funds into banks actuall= y seeing no need to dismiss worries about policy confusion inside the cabin= et during Bush's visit. Government officials were concerned that the disagr= eement about financial system stability would negatively affect the Japan-U= .S. relationship. Finance Minster Shiokawa, who first hinted at the option = of mandatory public fund injunctions, said he shares the same opinion with = Yanagisawa. Support stands at 132.40, 132.0 and 131.70. Resistance is eyed = at 133.0, 133.35/40 and 133.70. EUR/USD is trading around just above 87 ce= nts, sparked by Bundesbank's head Welteke confidence that the Germany econo= my would recover this year. Welteke explained that a German upturn in 2002 = would arise from a fall in inflation, low interest rates and exports, helpe= d as well by the end of the inventory liquidation and weakness in construct= ion. Earlier in trading, the single currency was hurt by a report from the = Swedish government warning that the Eurozone may not be a stable "hard curr= ency" area, nor a low inflation and low interest rate environment as many a= re hoping. In addition, traders are anxious ahead of tomorrow's Eurozone in= dustrial production data. Support is viewed at 86.80 and 86.45/50. Resistan= ce is seen at 87.50, followed by 88.20 and the 200-day moving average at 88= .50. This week's key US indicators consist of housing starts and permits, = CPI, jobless claims, international trade, index of leading indicators, Phil= adelphia Fed survey and the Federal budget. Eurozone highlights include ind= ustrial production, Germany's ZEW economic sentiment survey, German GDP, It= aly's ISAE consumer confidence survey, Spanish GDP, German CPI, Italian ind= ustrial orders, Euroarea balance of payments, Euroarea foreign trade, Frenc= h GDP, Italian CPI and Spanish CPI. Major data releases from the UK compris= e money supply, balance of trade, Bank of England's MPC minutes, and the CB= I Industrial Trends survey. Key economic indicators from Japan are general = household spending and the index of tertiary sector activity. =09[IMAGE]= Audio Mkt. Analysis JPY, EUR rebound vs USD Articles & Ideas GBP: O= ld Lady Faces Old Problem Euro Rally Running Out of Steam 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
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