[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 January 15, 7:00 PM: EUR/$..0.8839 $/JPY..131.22 GBP/$..1.4415 $/CHF..1.6638  Japanese Forex Trading Preview by Darko Pavlovic  At 6:50 Japan Dec net foreign bond selling (exp n/f, prev 573.7 bln yen selling)  The dollar is trading around 131.20 yen after, rising from a 1-week lows of 130.90 after Chinese Central Bank Governor Dai Xianlong said he hoped Japan would maintain a stable yen exchange rate. Asian officials raised their concern while PM Koizumi was on a visit with the yen's fall due to fears that it could spark a round of devaluations throughout Asia. In yesterday session, Senior Ministry of Finance official Mizoguchi asserted that FX rates were in line with adjustments in the Japanese economy. Moreover, as Japanese investors prepare to repatriate assets before the end of the fiscal year book closings in March, the yen is likely to appreciate yet again and set off more jawboning to weaken the exchange rate. Separately, US Treasury's O'Neill urged Japan to become a greater contributor to global economic growth, adding that he would discuss the Japanese economic situation in Tokyo next week. The BoJ will end its second day policy meeting but many expect that possible adjustments to market operations would have little effect on currencies. Economic Minister Takenaka and BoJ Governor Hayami are due to speak at a news conference on Wednesday. Japan Dec net foreign bond selling 827.1 bln yen (vs. Nov 573.7 bln yen selling). Foreigners Dec net stocks selling 379.2 bln yen (vs.. Nov 405.6 bln buying) The index for shipments of investment goods fell to a 14-year low in November, due to sluggish shipments of cranes and other types of loading equipment and general machinery. The data indicate a constant decline in capital spending by Japanese manufacturers. Resistance is eyed at 132.0, 132.20 and 132.70. Support holds at 130.80, 130.50 and 130.0.   The euro fell to a 2-week low of 88.27 after the release of the better-than-expected US retail sales data, which rose to 0.1% in December from the previous revised 3.0%. For most of the session, the pair has been hovering around the key 89.10 level, which marks the 50% Fibonacci retracement of the move from 82.25 to 95.96. The single currency also dived by more than a whole yen to a 2-week nadir of 115.71 against the Japanese currency. The euro was unable to capitalize on the third consecutive monthly rise in the German ZEW indicator by 3.9 to -83.9, as the ZEW expectations index advanced 10.1 to 35.9. Additionally, the ZEW Eurozone indicator eased by 4.7 to -72.8, while the expectations component improved 12.8 to 43.1. Support is viewed at 88.0, 87.50 and 87.0. Resistance is seen at 89.50, 90.0 and 90.50.  Tomorrow's release of US industrial production is forecasted to return to positive territory for the first time in fourth months to somewhere between 0.0%-0.3% in December from the previous -0.3%. The improvement in industrial production is due to rises in hours worked and increases in auto production, and bodes well for the manufacturing outlook. Capacity utilization is seen to edge up to 74.8% in December from the previous 74.7%. In addition, US CPI data is expected to hold steady at 0.0% in December helped by falling energy prices, as core CPI slips to 0.1% from the previous 0.4% indicating that price pressures remain subdued. Traders will also examine the afternoon release of the Fed Beige Book for its clues about the Fed's economic and monetary policy outlook.   This week's other major indicators from the US consist of jobless claims, housing starts and permit, the Philadelphia Fed survey, international trade, and the University of Michigan confidence survey.Key Eurozone data include German GDP, French current account balance, Italian CPI, Dutch GDP and Italian industrial production. From the UK, traders await the labor market report for further direction on the pound. Highlights from Japan comprise balance of payments, Cabinet Office economy watchers survey, Tokyo department store sales and industrial production.      	[IMAGE] Audio Mkt. Analysis European FX Make Late Slide        Articles & Ideas  Greenspan Widens Door for One More, But...   A Weak Yen Is the Solution for Now        Articles & Ideas Forex Glossary   Economic Indicators   Forex Guides   Link Library      [IMAGE]  	
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