EUR/JPY Fundamental Analysis October 8, 2012 Forecast

Posted October 05, 2012 6:04 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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Analysis and Recommendations:

The EUR/JPY is trading at 102.00 on the strength of the euro, after positive support from the ECB. The ECB held rates and policy yesterday which was expected it was the press conference that gave the bump to the euro after Draghi, said that the bank was proceeding with plans for the OMT and that the bank was on course to help support the ailing economies.

On Friday morning the BoJ held rates and policy surprising markets who were sure they would see aggressive action from the bank to help lower the strength of the JPY and to help the poor economic situation in Japan.

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 7, 2012 actual v. forecast

Date	Currency	Event	Actual	Forecast	Previous
Oct. 05	AUD	AIG Construction Index	30.9		32.2
	TWD	Taiwanese CPI (YoY)	2.96%	2.80%	3.43%
	PHP	Philippines CPI (MoM)	-0.10%		0.80%
	JPY	Interest Rate Decision	0.10%	0.10%	0.10%

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

Date	Time	Currency	Event	Previous
Oct. 08	22:00	NZD	NZIER Business Confidence	-4

Government Bond Auction

Date Time Country

Oct 08 09:10 Norway

Oct 08 15:30 Italy

Oct 09 08:30 Holland

Oct 09 09:30 UK

Oct 09 14:30 UK

Oct 09 17:00 US

Oct 10 09:10 Italy

Oct 10 09:10 Sweden

Oct 10 09:30 Germany

Oct 10 09:30 Swiss

Oct 10 14:30 Sweden

Oct 10 17:00 US

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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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