[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 3, 7:00 PM: EUR/$..0.8649 $/JPY..133.49 GBP/$..1.4188 $/CHF..1.7085  Japanese Forex Trading Preview  by Darko Pavlovic  No key data.   The dollar is trading around 133.40 yen ahead of Monday's Tokyo trading, as Japanese currency remain supported by repatriation flows before the end of the fiscal year on March 31. They yen was boosted last week after unemployment rate fell to 5.3% in January from the previous revised 5.5%. In particular, the Japanese currency was boosted as traders covered their short positions ahead of regulatory changes about the short-selling of equities that sent the Nikkei surging over 2% or 224 points to a 2-month high of 10812. Japanese Economics Minister Takenaka said on Friday that it may be necessary to consider taking more steps to further stabilize Japan's financial system before the end of the fiscal year. However, he did not commit to the injecting of public funds into major commercial banks to help them deal with the massive bad loans on their books, which is considered a prerequisite for Japan to proceede with reforms. The BoJ announced that the nation's monetary base rose by 27.5% in February from a year earlier, the highest increase since August 1974, the sixth consecutive month of double digit growth.   The FSA plans to have banks issue stock that would grant the government voting rights on matters related to the appointments and dismissals of board directors if they will have to receive public funds to avert a financial crisis, agency sources said Saturday.Support is seen at 133.0, 132.50- the support lying on the trend line extending between the lows January 9 through February 15, followed by 132.20. Upside capped at 134.0, 134.40 and 134.80.  EUR/USD is trading around 86.50 underpinned last Friday's release of Eurozone PMI that rose to 48.6 in February from the previous revised 46.3, the highest level in the index in 10 months, and suggests that an economic recovery is in the works. However, the single currency's gains were limited by Eurozone retail sales which slid to -0.6% m/m in December from the previous 1.2%, or to 0.4% y/y from the previous 1.3%, as well as a decline in French consumer confidence to -15 from -12 in a reversal of four straight monthly gains. Thus in the face of mixed signals of economic improvement and restrained by inflationary pressures, the European Central Bank is seen as unlikely to cut rates when it meets next Thursday. Support is viewed at 86.30, backed by the 86.0-cent figure, and 85.50. Resistance is seen at 87.0, 87.40 and 87.80. The ECB and BoE are likely to keep interest rates unchanged at this week's policy meeting. The ECB, will probably leave benchmark lending rate at 3.25% and the U.K. central bank will maintain its key lending rate at 4%o 1.75 percent from 6.5 percent.   Looking ahead, major data due from the US consist of the non-manufacturing ISM PMI, factory orders, productivity, consumer credit, and the labor market report. Key Eurozone indicators include the Euroarea business and consumer confidence survey, Euroarea PPI, German import prices, Euroarea Services PMI, Euroarea unemployment, German Services PMI, French Services PMI, Italian Services PMI, Spanish industrial production, German manufacturing orders, German unemployment, ECB rate decision, Italian GDP and Dutch CPI. Highlights from Japan comprise the employment survey, MoF corporate survey, indices of business conditions, GDP, money supply and wholesale prices.    	[IMAGE] Audio Mkt. Analysis European FX Drop After ISM       Articles & Ideas  Euro: The Lonely Tender   JPY: Koizumi Fails To Deliver       Articles & Ideas Forex Glossary   Economic Indicators   Forex Guides   Link Library      [IMAGE] 	
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