>The benchmark Nikkei .N225 is likely to move between 10,600 and 10
christian louboutin studded men "I suppose with an issue as complicated as this,800, market players said. It closed at 10,868.41 on Thursday.
In a sign the market may open lower, Nikkei futures traded in Chicago closed at 10
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pink gianmarco heels , down 1.9 percent.
Market sinks as Obama takes aim at banks .N > Dollar falls on Obama plans; Greek woes hurt euro Bonds up with safety bid as Obama plan hits stocks <US/> > Gold falls to $1,100/oz, Obama proposal weighs <GOL/> > Oil falls over 2 pct as US refiner activity drops.
STOCKS TO WATCH
-- Fuji Fire and Marine Insurance (8763.T)
American International Group Inc's (AIG.N) property and casualty unit will invest about 13.5 billion yen ($147 million) to take majority control of Japan's Fuji Fire and Marine Insurance.
-- Shin-Etsu Chemical Co (4063.T)
Shin-Etsu Chemical reported a 53 percent fall in quarterly operating profit, hurt by weak prices and a strong yen, and it said it expected its annual profit to halve from a year earlier.
-- Faith Inc (4295.T), Columbia Music Entertainment (6791.T)
Japanese mobile phone content developer Faith said on Thursday it would acquire a 31.4 percent in Columbia Music Entertainment from RHJ International and Ripplewood Nippon Columbia Partners.
-- Dr. Ci:Labo (4924.T)
Dr. Ci:Labo aims to team up with a Chinese distributor by 2013 to make a full entry into the fast-growing Asian market, the head of the skincare products company said on Thursday.
(Reporting by Elaine Lies; Editing by Edwina Gibbs)
Japan
TOKYO, July 13 - The Nikkei benchmark is set tofall on Wednesday for a third straight day, hurt by renewedstrength in the yen and euro zone debt woes, but the benchmark's25-day moving average is likely to hold.
The dollar fell 1 percent to 79.42 yen and the euro dropped1.4 percent to 110.98 yen overnight.
"People are now used to seeing the dollar dipping below 80yen, but the question is whether this strong yen trend istemporary or is it one that lasts for a while," said YutakaMiura
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"If it lasts for a week, the Nikkei may fall towards 9,500."
Miura added that the index's immediate support level is seenat its 25-day moving average of 9
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Moody's cut Ireland's credit rating to junk on Tuesday,warning that the debt-laden country would likely need a secondbailout, while European officials, for the first time, refusedto rule out default by Greece.
Investors fear the crisis could overtake the biggerEuropean economies of Spain and Italy.
Nikkei futures in Chicago 2NKc1 ended at 9,810, down 110 points from their Osaka JNIc1 close of 9,920.
The benchmark Nikkei shed 143.61 points to close at 9,925.92 on Tuesday. The broader Topix index fell 1.5percent to 857.19.
Analysts said that the index is expected to trade between9,700-9,850 on Wednesday.----------------------MARKET SNAPSHOT
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