EUR/JPY Fundamental Analysis – November 27, 2015 -Forecast

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Published: Nov 26, 2015, 04:07 UTC

Analysis and Recommendations: The EUR/JPY dipped 19 points to trade at 130.19 as the euro eased and the Japanese yen continued to be supported by safe

EUR/JPY Fundamental Analysis – November 27, 2015 -Forecast

Analysis and Recommendations:

The EUR/JPY dipped 19 points to trade at 130.19 as the euro eased and the Japanese yen continued to be supported by safe havens as US traders are on holiday. The Nikkei stock average’s pullback following a five-session ascent, as well as the euro’s rebound versus the dollar after recent falls on expectations that the European Central Bank will loosen its monetary policy further in December, traders said.

“The Tokyo market was overall directionless, dominated by position-adjustment transactions ahead of the U.S. market closure,” an official at a foreign exchange brokerage house said.

“The wait-and-see mood is expected to continue until next week’s two big economic events, which are the ECB’s policy-setting meeting and the release of U.S. jobs data,” an official at a foreign-affiliated securities firm said.

The European Central Bank is quite clear about its stance on monetary policy. In a recent meeting in Frankfurt, ECB president Mario Draghi said explicitly, “We will do what we must to raise inflation as quickly as possible. That is what our price stability mandate requires of us.”

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.

Today’s economic releases:

Cur.	Event	Actual	Forecast	Previous
	United States – Thanksgiving Day
NZD	Trade Balance (MoM) (Oct)	-963M	-937M	-1,222M
NZD	Trade Balance (YoY) (Oct)	-3,240M	-3,370M	-3,200M
AUD	Private New Capital Expenditure	-9.2%	-3.0%	-4.4%
EUR	GfK German Consumer Climate		9.2	9.4

Upcoming Economic Events that you should be monitoring:

Friday, November 27, 2015

Cur.	Event	Actual	Forecast	Previous
	United States – Day following Thanksgiving – Early close at 13:30
JPY	Household Spending (MoM) (Oct)		1.1%	-1.3%
JPY	Household Spending (YoY) (Oct)		0.1%	-0.4%
JPY	Jobs/applications ratio (Oct)		1.24	1.24
JPY	National Core CPI (YoY) (Oct)		-0.1%	-0.1%
JPY	Tokyo Core CPI (YoY) (Nov)		-0.1%	-0.2%
GBP	Nationwide HPI (MoM) (Nov)		0.5%	0.6%
GBP	Nationwide HPI (YoY) (Nov)		4.2%	3.9%
GBP	Business Investment (QoQ) (Q3)		1.5%	1.6%
GBP	GDP (YoY) (Q3)		2.3%	2.3%
GBP	GDP (QoQ) (Q3)		0.5%	0.5%