[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  March 10, 7:00 PM: EUR/$..0.8737 $/JPY..128.19 GBP/$..1.4205 $/CHF..1.6863  Japanese Forex Trading Preview by Stacey Yang  At 12:00:00 AM Japan January Machinery Orders M/M (exp  5.1%, prev  0.5%) January Machinery Orders Y/Y (-12.4%, prev n/a)  The yen is trading around 128.19 against the dollar, having yielded to the heartened dollar on Friday's release of the stunning US labor market report that fanned hopes of a US economic recovery. US non-farm payrolls rose for the first time since July 2001 and by its largest amount in a year to 66k in February from the previous revised 126k, marking a positive development in the heretofore struggling labor market. Moreover, in contrast with forecasts, the US unemployment rate also declined for the second straight month to its lowest since October 2001 to 5.5% in February from the previous 5.6%.  The Japanese currency had been held back by jawboning comments in the previous Asian session, as Japanese officials expressed their displeasure with the yen's week-long rally and its largest surge against the greenback in two years. Japan's Economics Minister Takenaka and the MoF's Kuroda warned that the Finance Ministry could take action against rapid currency fluctuations.   Nonetheless, the yen is likely to find strength on repatriation ahead of the fiscal year-end on March 31, despite dismal economic conditions. The latest GDP data showed that growth fell 1.2% q/q in Q4 for the third straight quarter, and once the artificial support is eliminated, analysts believe a fall in the yen is inevitable. However, Japanese assets may see further inflows as institutions have begun looking more favorably to non-US assets in light of glimmers of a US-led global recovery.  LDP Secretary General Taku Yamasaki remarked that he would strive to ensure that the economy would bottom by next fall at the very latest. And indeed there is much reason to hope for a brighter Japanese economic outlook. The Nihon Keizai Shimbun reported that the Cabinet Office is purportedly planning to leave out the term  worsening  for the first time in 10 months in its March economic assessment report, in what would be the first upward revision in its economic outlook since June 2000. According to insiders, Economics Minister Takenaka is expected to comment that although  the economy is still struggling, there appears to be improvements in certain areas . Consumer spending and capital investments continue to show signs of weakness, whereas the decline in exports looks to have eased as the US economy exhibits signs of a recovery. In addition, another area of improvement in Japan's beleaguered economy is seen in the inventory adjustments in electrical machinery and other goods.    This week's US economic highlights include wholesale trade, retail sales, jobless claims, business inventories, import/export prices, current account balance, PPI, industrial production, and the University of Michigan consumer confidence survey. Key Eurozone indicators consist of GDP, German foreign trade, French CPI, Spanish retail sales, Spanish CPI, ECB monthly bulletin, French employment, French industrial production, Italian industrial production, French trade balance, and Italian CPI.  	[IMAGE] Audio Mkt. Analysis Dollar Recovers on Solid Jobs Report       Articles & Ideas  Yen's March Madness   Will Dollar be Fuelled against the Euro?       Articles & Ideas Forex Glossary   Economic Indicators   Forex Guides   Link Library      [IMAGE] 	
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