Week session in FOREX has begun with the confident growth of the American currency against the Japanese yen.

Easing of the yen rate was promoted by the statement of Japan Prime Minister Koizumy that the Bank of Japan should act cautiously in a question of change of a monetary policy.

Last week the yen rate rose on expectations of fast increase of a level of interest rates in Japan, however now these moods weaken.

In turn growth of the dollar/yen rate sustained strengthening of the American currency against the European currencies.

Thus, the British currency was down 160 points against dollar, having reached a mark 1.7465.

The dollar ahs also revived a part of the lost before positions against euro after an issue of the US factory orders report.

Though the indicator of orders sharply dipped in January maximally since July, 2000, nevertheless it was much more optimistical than the analysts’ forecasts.

As US Department of Commerce informed factory orders were down 4.5 % in January.

Economists expected reduction of factory orders approximately on 5.3 %.

December value of factory orders index of the USA has been revised from +1.1 % up to +1.6 % for a month.

According to Eurostat in January retail sales in Eurozone were up 0.8 % in comparison with December, 2005. It was the highest growth since August, 2005 when sales increased by 1.0 %.

Annual growth of retail sales in January made 0.9 %.

Growth of retail sales in Eurozone in January is as a whole in line with economists’ forecasts who expected that monthly and annual growth of retail sales would make 0.8 %.

The index of retail sales in Italy fell from 53.2 in January to 47.1 in February.

In Germany growth slowed down from 50.4 up to 50.2 while in France the index of sales grew from 46.2 up to 50.7.