EUR/JPY Fundamental Analysis October 15, 2012 Forecast

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Analysis and Recommendations:

The EUR/JPY climbed to trade at 101.37 as the JPY weakened on possibilities of stimulus and lackluster eco data.  Domestically, Japanese officials continue to have to deal with yen strength, the euro area crisis and the slowdown in China. Traditionally, the best grounds for Japanese intervention are the G7 admonishment against excessive volatility. However, that claim, which Japanese officials have resurrected now, simply does not apply.

With the S&P downgrade of Spain, markets are waiting for an official request for aid, which will help support the euro.

Tomorrow is also a big day for Chinese data and also hopes of stimulus from the PBoC.

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

Economic Data October 12, 2012 actual v. forecast

Date

 

Currency

 

 

Event

Actual

Forecast

Previous

 

 

Oct. 12

 

PEN

 

 

Peruvian Interest Rate Decision 

4.25%

4.25%

4.25% 

 

 

 

 

JPY

 

 

CGPI (YoY) 

-1.4%

-1.4%

-1.9% 

   

 

 

JPY

 

 

Tertiary Industry Activity Index (MoM) 

0.4%

0.5%

-1.9% 

   

 

 

JPY

 

 

M2 Money Stock (YoY) 

2.4%

2.4%

2.4% 

   

 

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

Date

Time

Currency

Event

Forecast

Previous

Oct. 15

01:30

AUD

Home Loans (MoM) 

 

-1.0% 

 

05:30

JPY

Industrial Production (MoM) 

 

-1.3% 

 

22:45

NZD

CPI (QoQ) 

0.6% 

0.3%

Government Bond Auction

Date Time Country 

Oct 15 09:10 Slovakia 

Oct 15 10:00 Norway 

Oct 16 08:30 Spain 

Oct 16 09:10 Greece 

Oct 16 09:30 Belgium 

Oct 17 09:10 Sweden 

Oct 17 09:30 Germany 

Oct 17 09:30 Portugal 

Oct 17 10:00 Norway 

Oct 17 14:30 Sweden 

 

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About: FX Empire Analyst - Barry Norman

Barry produces a private Daily Market Review newsletter that is distributed around the globe to over 25,000 subscribers and recently published a book on Options Trading that is available from amazon.com

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