EUR/JPY Fundamental Analysis July 17, 2012, Forecast

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Analysis and Recommendations:

The EUR/JPY continues to decent, as the JPY is extremely strong against all of its trading partners. The pair is trading at 96.82 down 0.16 during the Monday Asian session. Japanese markets are closed today for a holiday.

The euro continues weak as investors have virtually given up hope on any action or plans to help the EU economies recover and are more looking at global growth and looking for assets outside of the eurozone. The IMF is due to report on global growth today, and tomorrow sees the beginning of the G7 meetings.

Otherwise we have a slow data day with some tier two reports out of Europe but nothing to effect currency prices. We will be waiting on news flow.

FxEmpire provides in-depth analysis for each currency and commodity we review. Fundamental analysis is provided in three components. We provide a detailed monthly analysis and forecast at the beginning of each month. Then we provide more recent analysis and information in our  weekly reports and we provide daily updates and outlooks

Upcoming Economic Events that affect the AUD, NZD, JPY and USD

Date

Time

Currency

 Event

Previous

Jul 17

1:30

AUD

New Motor Vehicle Sales m/m

2.4%

9:15

ALL

G7 Meetings

 

12:30

USD

CPI m/m

-0.3%

13:00

USD

TIC Long-Term Purchases

25.6B

13:15

USD

Capacity Utilization Rate

79.0%

13:15

USD

Industrial Production m/m

-0.1%

Jul 18

0:30

AUD

MI Leading Index m/m

0.5%

12:30

USD

Building Permits

0.78M

12:30

USD

Housing Starts

0.71M

14:30

USD

Crude Oil Inventories

-4.7M

Jul 19

1:30

AUD

NAB Quarterly Business Confidence

-1

12:30

USD

Unemployment Claims

 

14:00

USD

Existing Home Sales

4.55M

14:00

USD

Philly Fed Manufacturing Index

-16.6

Jul 20

1:30

AUD

Import Prices q/q

-1.2%

 

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