[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 10, 7:00 PM: EUR/$..0.8706 $/JPY..134.97 GBP/$..1.4131 $/CHF..1.6937  Japanese Forex Trading Preview by Darko Pavlovic  No key data.   The dollar is trading near its one-week highs vs. the yen, around 135, as the markets expressed their pessimism about Japanese economic outlook and concern that the government and the BoJ are behind the curve in boosting the growth. The BoJ left interest rates unchanged last week and did not announce any new measure to fight inflation and boost the growth. Even the government was hoping that the central bank would decide to raise purchases of JGBs or take other measures to pump more liquidity into the system. The Nihon Keizai reported that the government could inject more than10 trln yen until September, but with request that the central bank further ease monetary policy. Economic Minister Takenaka said that the plan could also deal with the launch of government fund to buy shares that banks hold in other companies. Finance Minister Shiokawa said Friday that he wants MoF to provide around 2 trln yen to buy stocks from banks and asked the central bank to raise monthly bond purchases to 1 trln yen. At G-7 meeting BoJ Governor Hayami said the central bank will support PM Koizumi's reforms  as much as possible . Support is viewed at 133.40, 133.0 and 132.65. Resistance is seen at 135.15 and 135.50.    At G7 Finance Minister's Meeting held this weekend in Ottawa, Canada, ministers showed enthusiasm about the US growth and said the economic outlook has improved since their last meeting. The G-7 did not talk about the weak yen and markets could be prompt to believe that fin ministers are comfortable with the current yen's level, which could bring the Japanese currency to new lows. Japanese officials talked about the steps necessary to get the country out of recession and their US counterpart O'Neill said ministers  were satisfied  with explanation. G 7 Ministers also refrained from promising any financial help to Argentina.   EUR/USD is trading around 87 cents after rising on Friday to a 2-week highs of 87.53 boosted by rise in German industrial production to 1.9% m/m from the previous -0.8%, or on an annual basis to -1.8% from the previous -4.8%, that foretells of a pickup in growth. Markets had been expecting a modest gain to 0.1%. EUR/USD ended down roughly 10 pips from its opening level, as the dollar benefited from a late-day rally in US equities. Upside capped at 87.50, 88.0 and 88.50. Support holds at 87.0, 86.65 and 86.40.   Looking forward to this week, 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. Highlights from Japan comprise the balance of payments, Cabinet Office economy watchers survey and GDP. Markets will be closed in Japan on Monday in observance of National Foundation Day.    	[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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