[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 18, 7:00 PM: EUR/$..0.8842 $/JPY..122.88 GBP/$..1.4273 $/CHF..1.6574  Japanese Forex Trading Preview by Darko Pavlovic  No key data.   The dollar is near a three week high vs. the yen, trading around 122.85 and could break key resistance level of 123 on hopes about the war in Afghanistan and recovery of the US economy and further cases of deterioration in Japanese economy. The yen was weighted by the news of five Japanese banks that filed for bankruptcy, as well as pessimism surrounding the structural reforms. Even though the government approved a 3 trillion yen extra budget, many detractors believe it is insufficient to redress the nation's economic woes and may necessitate a second extra budget that would drive spending above the official caps. News of the acquisition of Lucent's fiber-optics division by Japan's Furukawa Electric Co. for $2.3 billion is likely weighing on the yen as well, since the president of the firm announced Furukuawa would finance the purchase with $1.06 billion from cash reserves and take out a bank loan of $1 billion. Last week, the Bank of Japan decided in a unanimous vote to keep monetary policy unchanged by leaving its liquidity target above 6 trillion yen. Upside capped at 123.0, 123.30 and 123.65. Support stands at 122.50, 122.30 and 122.0.  The euro is trading around $0.8840 maintaining a firm tone vs. the greenback after Friday's data showed the largest decline in US industrial production since November 1990, and German Chancellor Schroeder survived parliamentary non-confidence vote. The dollar was supported from further falling vs. the euro on news that top Bin Laden deputy Mohammed Atef was killed in the US bombing campaign against the Taliban in Afghanistan. French Finance Minister Fabius stressed that Europe's economy is basically sound and they are attempting to promote growth. Fabius deplored the IMF world economy forecasts as being "too pessimistic" and denied that it is "not true that there is recession everywhere". Traders anticipate next Wednesday's release of Germany's Ifo business climate index (an estimate of German growth, which accounts for about one-third of the Eurozone) to verify if it will recover slightly in November to 86 after plunging to 85 in October from 89.5. Markets also await Eurozone industrial production figures for September, which likely dropped since French and Italian outputs declined. Disappointing results will most likely spark renewed selling in the euro. Resistance is viewed at 89.0, 89.30 and 89.50. Support is seen at the 88.0-cent figure, backed by 87.70 and 87.40.  This week the key US indicators consist of housing starts and permits, international trade, the index of leading indicators, jobless claims and the University of Michigan Confidence survey. From the Eurozone, economic highlights include Euroarea industrial production, French current account balance, Italian CPI, German CPI, German Ifo business climate index, German GDP, German PPI, German import prices, French GDP, and Italy's ISAE business confidence survey. Japanese data due for release are the trade balance, the index of tertiary sector activity and the BoJ Corporate Service Survey. Economic data from the UK comprise the trade balance and the minutes from the Bank of England's Monetary Policy Committee Meeting on Nov.8-9.    	[IMAGE] Audio Mkt. Analysis Further Losses for GBP, EUR Steadies       Articles & Ideas  OPEC: The beginning of a price war?   Dollar Regains key Pre-Sept 11 levels       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 .