[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 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.  The yen is little changed vs. the dollar trading around 132.65, after markets got little direction from Bush-Koizumi meeting. All eyes are on Bush's speech at Diet (Parliament) at 11:30 PM EST. In a speech he will deliver to the Diet U.S. President will likely state strong hopes that Japan will regain 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 President Bush that he had discussed "devaluation" with Japanese Prime Minister Koizumi. Not long afterwards, the yen corrected against the greenback once 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 address those problematic areas. Koizumi once again vowed to stave off a financial crisis, while defending his administration by saying that reform measures could not be accomplished in only one year. Three economic ministers expressed their disapproval with injections of public funds into banks actually seeing no need to dismiss worries about policy confusion inside the cabinet during Bush's visit. Government officials were concerned that the disagreement 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 cents, sparked by Bundesbank's head Welteke confidence that the Germany economy would recover this year. Welteke explained that a German upturn in 2002 would arise from a fall in inflation, low interest rates and exports, helped as well by the end of the inventory liquidation and weakness in construction. 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 currency" area, nor a low inflation and low interest rate environment as many are hoping. In addition, traders are anxious ahead of tomorrow's Eurozone industrial production data. Support is viewed at 86.80 and 86.45/50. Resistance 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, Philadelphia Fed survey and the Federal budget. Eurozone highlights include industrial production, Germany's ZEW economic sentiment survey, German GDP, Italy's ISAE consumer confidence survey, Spanish GDP, German CPI, Italian industrial orders, Euroarea balance of payments, Euroarea foreign trade, French GDP, Italian CPI and Spanish CPI. Major data releases from the UK comprise money supply, balance of trade, Bank of England's MPC minutes, and the CBI Industrial Trends survey. Key economic indicators from Japan are general household spending and the index of tertiary sector activity.    	[IMAGE] Audio Mkt. Analysis JPY, EUR rebound vs USD       Articles & Ideas  GBP: Old Lady Faces Old Problem   Euro Rally Running Out of Steam       Articles & Ideas Forex Glossary   Economic Indicators   Forex Guides   Link Library      [IMAGE] 	
		[IMAGE][IMAGE] [IMAGE][IMAGE]	
		  This e-mail is never sent unsolicited. If you wish to unsubscribe from 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 specific currencies reflect the views of the individual analyst, and do not necessarily represent the views of Forexnews.com or its affiliates in any way. In no event shall Forexnews.com or its affiliates have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of information.