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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 March 12, 7:00 PM: EUR/$..0.8746 $/JPY..129.03 GBP/$..1.4139 $/CHF..1= .6797 Japanese Forex Trading Preview by Darko Pavlovic At 6:50 PM Japan = Feb net foreign bond selling (exp n/f, prev n/a) The dollar recovered agai= nst the yen to 129.30, as Japanese currency was hurt by 2.6% fall in Nikkei= . Markets wary of possible forex intervention from Japanese government afte= r a series of verbal warnings that rapid yen's strength is not in line with= economic fundamentals. The Japanese currency was little impacted by news t= hat the Government Pension Investment Fund would increase its weighting of = foreign bonds to 3 trillion yen or 8% from 6%, as it also invests another 1= 1 trillion yen in domestic stocks over the next seven years. The FSA is con= tinuing with its special inspections of large banks in fiscal 2002 in an ef= fort to force them to dispose of more bad loans. Last November, the agency = began inquiring firms whose stock prices or credit ratings had fallen and w= hich had more than 10 billion yen in outstanding loans. The Nippon Research= Institute announced that Japanese consumers are becoming more optimistic a= bout their home finances in the coming year. February's consumer sentiment = index rose 3 point higher from December to 155. Japan Feb net foreign bond = selling was 637.1 bln yen (Jan Y3.0712 trln selling). Foreigners' Feb net J= apan bond selling 1.0420 trrln yen (Jan Y1.2368 trln buying). Foreigners Fe= b net Japan stock selling 142.2 bln yen (Jan Y234.2 bln buying). Resistance= is eyed at 129.20, followed by 129.65, 130.65 and 131.65 which marks the 3= 8.25, 50%, and 61.8% retracements of the move from 134.95 to 126.32. Suppor= t holds at 128.0, 127.60, and 127.0. Subsequent support is seen at the 200-= day moving average of 125.16. EUR/USD is hovering around 87.45 after Euroz= one Q4 GDP data showed the first contraction since 1993 as it fell to -0.2%= q/q from the previous 0.1%, or to 0.6% y/y from the previous 1.4%. Analyst= s projected that Eurozone Q4 GDP would decline to -0.8% in a sharp contrast= to a US growth rate of 1.4% in the same period that highlights stronger ec= onomic vitality in the US this year. Upside capped at 87.60, 88.10--the 50%= Fibonacci retracement of the move between the 90.63 high to the 85.63 low,= 88.50-- the 200-day moving average, and 88.70-- the 61.8% retracement of t= he aforementioned move. Support is seen at 87.0, 86.70 and 86.0-- the suppo= rt point lying on trend line extending from the 83.50 low through the 85.63= low. Markets await tomorrow's release of US retail sales, which are expe= cted to rise to 0.9% in February from the previous -0.2%, or to 3.6% y/y fr= om the previous 2.8%, boosted by surprisingly robust light vehicle sales. = This week's US economic highlight include retail sales, jobless claims, bus= iness inventories, import/export prices, current account balance, PPI, indu= strial production, and the University of Michigan consumer confidence surve= y. Key Eurozone indicators consist of Spanish CPI, ECB monthly bulletin, Fr= ench employment, French industrial production, Italian industrial productio= n, German retail sales, French trade balance, and Italian CPI. Major data f= rom Japan comprise the balance of payments and industrial production. = =09[IMAGE] Audio Mkt. Analysis USD/JPY Regains 129 Articles & Ideas = Yen's March Madness Will Dollar be Fuelled against the Euro? Articl= es & Ideas Forex Glossary Economic Indicators Forex Guides Link Libra= ry [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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