So, recent rumors did not prove to be true - on results of two-day meeting the Bank of Japan did not change the monetary policy.

Thus the volume of obligatory deposits on accounts in the Central Bank is left at a level of 30-35 bln. yens, or $253-295 billion. Besides the Central Bank declared that in future it would allow to break temporarily a target level of deposits of commercial banks on its accounts.

Let's remind that the decision on invariance of rates was voted by the majority of members: 7-2. Moreover the Bank of Japan said  that it would continue to give sufficient liquidity for maintenance of price stability.

On this background ECB principal economist Ottmar Issing declared yesterday that despite the risks of economic slowdown in the 4 quarter the Central Bank kept the economic forecast and had no plans concerning a series of rate increases.

"Quarter data are volatile, on their basis it is not necessary to take a decision on revision of the forecasts", - Issing noticed. And concerning prospects of the further decisions of the bank, the economist said that "there is not any schedule, but we are ready to react to inflation threats".

Let's remind, that proficiency of trade balance of the leading country of Europe (12) - Germany dipped sharply, and adjusted for seasonal variations, made 11.5 billion euro in December of the last year in comparison with 14.0 billion euro in November.

Let's notice that economists forecast proficiency at a rate of 13.0 billion euro. As a result, adjusted for seasonal variations, export was up 0.8 % and import - 5.6 % m\m.

And proficiency of the current balance of payment of Germany made 6.3 billion euro in December against 8.2 billion euro in November.

A dollar exchange rate was supported a little by the statement of FRS former chairman Greenspan yesterday on the soiree, organized by Lehman Brothers company.

Let's remind that FRS former head told that the American economy is in a good condition, at the same time an estimation of a possible maximum of the interest rate level in the USA, prevailing in the market, in a current business cycle is, probably, underestimated.

Let's notice that many analysts believe that expectations of increase of FRS rate in March, in a greater degree, are already put in the prices. And as to FRS decision at meeting in May increase is considered as 50 % probability.

Goldman experts warn the market’s players of: "Disbalances and structural problems make the dollar vulnerable. While the market is focused on other side, but all can change, if net foreign purchases reduce".

Now the situation in the oil market supports the American currency. Both OPEC President and Minister of Oil of Nigeria Edmund Daukoru considered the evidence of the downtrend, having noticed, that "the prices set a range which is acceptable both for consumers, and for manufacturers".

Besides Daukoru declared that at the next meeting on March, 8th in Vienna  OPEC will most likely  to decide to leave the present volumes of production without change.

Today the market’s players will not ignore the publication of jobless claims in the USA for a week by 04.02, planned at 13:30 GMT. We shall remind that the forecast is equal to 285.000, and the previous value was 273.000.

The majority of analysts wait for a positive of these data. So, Adrian Foster from Dresdner Kleinwort Wassestein noticed that "the labor market statistics is important for the market that was confirmed by recent data for January. Positive data today will support the dollar. We expect euro/dollar dip below 1.1900 in the near future", - Foster summed up.

And at 15:00 GMT the publication of wholesale inventories index in the USA for December is planned. The forecast +0.4 %, and the previous value +0.4 %.

As a result dollar/franc advance, having come across resistance at levels 1.3040, was hampered while. It is obvious that on a background varied factors players do not hurry up opening new positions.

Therefore, considering the probability of some descending correction of a rate before the further rise, we recommend existing "longs", opened from a mark 1.2920, and earlier, from lower levels, to close at current levels.

After realization of descending correction new long-term purchases will be possible.