Archived IMT (2009.06.03)

NIKKEI SEEN FALLING towards 9,650 level, which is a loss of at least 100 pts on Thursday, thus likely to extend gains in CAD vs USD (1.1180 and 1.1230) and JPY (85.50). Oil losing $4.50 to $65.68, eyeing interim target at $64.50. JPY and USD seen extending rally into Thursday European trading. NZDUSD seen at 0.6220--already lost 300 pips. As we warned, last hours of trading seeing sharpening losses in equities and accelerating bids in JPY and USD.