[IMAGE] Forums Discuss these points in the Forums:  Forexnews Forum       Technicals 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%  3.25%  4.0%  1.75-2.75%       [IMAGE] 	 [IMAGE]  Japanese Forex Trading Preview  November 26, 7:00 PM: EUR/$..0.8805 $/JPY..124.04 GBP/$..1.4125 $/CHF..1.6636  Japanese Forex Trading Preview  by Darko Pavlovic  No key data.   The dollar fell against the euro after posting three week of profits, undermined on announcement from National Board of Economic Research that the US has been in a recession since March of this year for the first time in a decade. The NBER official noted the US economic slowdown was exacerbated by the September 11 attacks, but anticipates a recovery by July 2002 due to extrapolation of historical data The statement from ECB's Quaden that Eurozone growth is close to stagnation also boosted the single currency. ECB member and Belgian Central Bank head Guy Quaden reiterated his stance that inflation is low and will continue to decline. Markets expect a further fall in the euro after Thursday's release of Euroarea GDP that will likely show flat growth of 0.1% in Q3, particularly after German Finance Minister advisers commented that German growth had slowed to a standstill. In addition, the euro is likely to be weighed this week by the changes in the MSCI indices that will spur outflows from European stocks by global portfolio managers. Furthermore, forecasted declines in both Italian consumer and French business confidence and a rise in French unemployment will exert more downward pressure on the single currency this week. Resistance is seen at 88.35, 88.60 and 89.10. Support is eyed at 87.60, 87.20 and 87.0- the key support determined by the downward channel between the 87.71 low on November 14 and the 87.35 low on November 23.   The dollar is holding around 124 yen, after ratings agency Standard & Poor's announced it was considering downgrading Japan's AA+ sovereign debt by two notches, following Fitch's downgrade of Japanese government debt. Finance Minister Shiokawa said he had no indication from the Bank of Japan that they would buy foreign bonds as part of its monetary policy operations in response to an article last week in the Financial Times that the US would be tolerant of the BoJ's buying US bonds. Japan's 13 major banks are likely accumulate 6.26 trln yen in losses from bad-loan disposal for the fiscal year ending March 2002, more than three times as much as projected in May, according to earnings reports released through Monday. Prime Minister Koizumi asked Finance Minister Masajuro Shiokawa on Monday to re-examine his decision to delay the April 2002 start of a combined tax-filing system for corporate groups. "I would like you to reconsider it because business leaders are seeking early implementation," Koizumi told Shiokawa at a meeting of the Council on Economic and Fiscal Policy. The Nihon Keizai Shimbun reported that pubic support for the ruling Liberal Democratic Party remains at strong 49%, down two percentage points from two months ago. The Nov. 23-25 survey from Nihon Shimbun showed that 78% of respondents support Koizumi, down one percentage point from September, and 14% do not support him, two points more than two months ago.A report by the Japan Research Institute showed that Japan's current account and trade surplus could shrink to zero as early as 2004 due to the transfer of production overseas and increased imports from Asia Upside capped at 124.50, 125.0 and 125.30. Support is seen at 123.80, 123.50 and 123.20  This week's remaining key US indicators include existing and new home sales, jobless claims, durable goods, real GDP and the Chicago Purchasing Managers survey. Fed Governor Meyer and St. Louis Fed President Poole will speak tomorrow, followed by Chicago Fed President Moskow on Wednesday. From the Eurozone, economic highlights consist of the ISAE Consumer Confidence survey, Italian retail sales, Euroarea M3, Euroarea GDP, France's INSEE industry survey, Italian CPI, Euroarea HICP, French unemployment rate, French PPI, Italian PPI and Spanish PPI. The main piece of data due for release from the UK will be the Gfk Consumer Confidence survey. Major Japanese indicators comprise industrial production, labor force survey, household survey of expenditures, consumer prices and housing starts.    	[IMAGE] Audio Mkt. Analysis Dollar Retreats Modestly Ahead of Busy Week       Articles & Ideas  Sideways Action, Then Weaker Euro Ahead   USD/JPY: The Next Level       Articles & Ideas Forex Glossary   Economic Indicators   Forex Guides   Link Library      [IMAGE] 	
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