[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:   1.75%  0.15%  3.25%  4.0%  1.25-2.25%       [IMAGE] 	 [IMAGE]  Japanese Forex Trading Preview  February 14, 7:00 PM: EUR/$..0.8740 $/JPY..131.87 GBP/$..1.4299 $/CHF..1.6965  Japanese Forex Trading Preview by Darko Pavlovic  No key data.  The yen rose to a one week high vs. the dollar, around 132, boosted by repatriation flows ahead of the end of fiscal year on March 31, and by news that Japanese Prime Minister Koizumi asked his economic ministers to formulate anti-deflation measures prior to President Bush's visit to Japan this weekend. Also lifting the Japanese currency was the rebound in the Nikkei index back above the key 10,000-level. Additionally, the yen was supported by a stronger-than-expected current account surplus that surged 42% from the previous year to 971.8 bln yen in December, arising more from an increase in the income surplus that outpaced its trade surplus. The Financial Services Agency under direction of PM Koizumi will push banks to sell of their bad loans debt to the Resolution and Collection Corp. as a part of 6-point plan to stabilize the financial system. Koizumi's plan to stabilize financial system has two main goals: to improve the balance sheets of major banks through a sweeping disposal of non-performing loans and to stabilize the stock market. USD/JPY support is seen at the 132-yen level, also a double bottom formation, backed by 131.70 and 131.20. Upside capped at 133.0, 133.35/40 and 133.70.  EUR/USD rose to  87.40, boosted by Bank of France Governor Trichet's comments that the euro is currently undervalued. He reiterated that a strong euro is in Europe's interest, and moreover, highlighted signs of recovery present in Europe and the US. Overnight, the single currency had fallen to a 1-week low of 86.80, weighed by an unexpected drop in German retail sales to -3.4% in December from the previous month's 1.6%, or to -4.1% y/y from the previous -0.4%. Separately, the European Central Bank noted nothing new about its inflation or growth outlook, but repeated that interest rates are appropriate to bring inflation below 2% this year. EUR/USD resistance is seen at 87.50, followed by 88.20 and the 200-day moving average at 88.50. Key support holds at 86.80, 86.45/50 the 61.8% retracement of the most recent climb starting on Feb 1 and 85.50.  The first piece of US data to be released tomorrow morning is the Producer Price Index, which is expected to rebound to 0.3% in January from the previous -0.7% on increasing oil and gasoline prices. PPI Ex-Food/Energy is also forecasted to rise to 0.1% in January from the previous -0.1%. The next release will be US industrial production for which analysts project will either hold steady at -0.1% m/m or dip to -0.3% in January because of a decline in hours worked. Manufacturing in most areas is likely to have slowed, with the exception being for high-tech which should rise for the second straight month to 1.0% in January vs. the previous 0.3% as orders accelerate. Finally, the University of Michigan Sentiment survey is anticipated to edge up to 93.4 in the preliminary February reading from the previous 93.0. However, other economists estimate the index will fall to 90.8 because of uncertainty in the stock markets. Therefore, both the current conditions and expectations components of the confidence survey are expected to fall as well.  Key Eurozone indicators consist of German CPI and HICP, French employment, French trade balance, French industrial production and Italian industrial production. The remaining data release from Japan is Tokyo department store sales.    	[IMAGE] Audio Mkt. Analysis JPY, EUR rebound vs USD       Articles & Ideas  Euro Rally Running Out of Steam   The Swiss National Bank and the franc       Articles & Ideas Forex Glossary   Economic Indicators   Forex Guides   Link Library      [IMAGE] 	
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