EUR/JPY Fundamental Analysis September 12, 2012, Forecast

Posted September 11, 2012 6:15 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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Analysis and Recommendations:

The EUR/JPY fell a bit yesterday off the 100 price to trade this morning at 99.92 but is trading in positive numbers on Tuesday. The euro remains strong, but is slightly weakened while traders await the ruling from the German Constitutional Court along with rumors that Spain may be forced to ask for a bailout before the new programs can be put in place.

The JPY remains strong against the dollar but weak elsewhere as government turmoil and poor eco data weigh on the currency. Prime Minister Noda made pledges if re elected he would bring inflation under control immediately.

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 September 11, 2012 actual v. forecast

Date

Currency

Event

Actual

Forecast

Previous

Sep. 11

GBP

RICS House Price Balance

-19%

-22%

-23%

JPY

BSI Large Manufacturing Conditions

2.5

-6.1

-5.7

JPY

M2 Money Stock (YoY)

2.4%

2.3%

2.2%

AUD

NAB Business Confidence

-2

JPY

5-Year JGB Auction

0.204%

0.185%

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

Date	Time	Currency	Event	Forecast	Previous
Sep. 12	01:30	AUD	Westpac Consumer Sentiment		-2.50%
	13:30	USD	Import Price Index (MoM)	1.3%	-0.6%
	22:00	NZD	Interest Rate Decision	2.50%	2.50%

Government Bond Auction

Date Time Country

Sep 12 09:10 Italy

Sep 12 09:10 Sweden

Sep 12 09:30 Germany

Sep 12 09:30 Swiss

Sep 12 14:30 Sweden

Sep 12 17:00 US

Sep 13 00:30 Japan

Sep 13 09:10 Italy

Sep 13 09:30 UK

Sep 13 15:00 US

Sep 13 17:00 US

Sep 14 10:00 Belgium

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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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