[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 11, 7:00 PM: EUR/$..0.8764 $/JPY..133.35 GBP/$..1.4220 $/CHF..1.6830  Japanese Forex Trading Preview by Darko Pavlovic  No key data  The dollar fell to 133.40 yen from its Friday's highs of 134.70 yen on combination of repatriation from Japanese investors and renewed pessimism about the US fast recovery. As the March 31 approaches, the end of fiscal year, many Japanese investors are repatriating funds home and at this time of year the yen usually strengthens vs. the dollar. Also the yen was supported by remarks from Finance Minister Shiokawa that Japan is considering using 2 trillion yen to buy stocks. Markets are also waiting for U.S. President George W. Bush's visit to Japan on Feb. 17.It is likely that Bush will give support for Koizumi's reforms but also show concern about the weak state of Japanese economy and the pace it is implemented.  Analysts say that speculation that banks will sell their foreign bond holdings to raise funds necessary for bad-loan disposals ahead of the fiscal year-end might help shore up the yen. Finance Minister Shiokawa said Saturday there were no questions or policy requests made of Japan during the meeting of finance ministers and central bankers of the G-7 leading industrial nations. The government and the ruling coalition agreed Monday to increase salaried workers' medical payments to 30%, up from the current 20%, in April 2003. The officials decided to raise the rate of insurance premiums of the government-run health insurance program, designed for workers at smaller firms, to 8.2% from 7.5% on an annual income basis. Nihon Keizai Shimbun survey reported Sunday that listed companies bought back 1.44 billion of their own shares from the beginning of last April through the end of January. The increase is due to a growing number of cross-held shares unloaded mainly by banks and to recover corporate financial indicators intensely watched by investors, such as return on equity and profit per share USD/JPY support is viewed at 133.30, 133.0 and 132.65. Resistance is seen at 134.0, 134.60 and 135.0.  EUR/USD is trading around 87.70 after reaching 2-1/2 week high of 88.01 against the dollar, , lifted by the euro's rise against the Swiss franc following Swiss National Bank board member Niklaus Blattner's remarks that he hoped the euro would rise because the strong Swiss franc remained a concern. Blattner also noted the presence of signs indicative of a Swiss economic recovery in the latter half of the year, and thus said the direction of the next rate move remains open. The single currency was hurt by comments from Austrian Finance Minister Grasser that he supported the European Union's budget warning to Germany since he believed there should not be a distinction between big and small countries under the EU stability pact. The euro could be further undermined tomorrow when the EU finance ministers meet. Markets are speculating whether the EU will issue an official warning to Germany because of its rising deficit approaching near the 3% of GDP limit. In rebuttal, German Finance Minister Eichel vowed today to do everything to avoid a row over a budget warning, and promised to recommit Germany to balancing the budget by 2004 that would require higher growth than currently forecasted. EUR/USD support is seen at 87.0, 86.65 and 86.40. Upside capped at 88.0, 88.50 and 89.0.  This week's major US economic releases include retail sales, jobless claims, business inventories, import prices, PPI, industrial production and the University of Michigan confidence survey. Key Eurozone indicators consist of Spain's labor force survey, Euroarea EcoFin meeting, German foreign trade, Spanish retail sales, ECB monthly bulletin, Dutch GDP, French employment, French trade balance, French industrial production and Italian industrial production. Noteworthy UK data releases are retail prices, labor market report and the Bank of England inflation forecast. Highlights from Japan comprise the Cabinet Office economy watchers survey, GDP, balance of payments, industrial production and Tokyo department store sales.    	[IMAGE] Audio Mkt. Analysis EUR/JPY Sets the Pace       Articles & Ideas  The Swiss National Bank and the franc   A Weak Yen Bites       Articles & Ideas Forex Glossary   Economic Indicators   Forex Guides   Link Library      [IMAGE] 	
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