EUR/JPY Fundamental Analysis September 17, 2012, Forecast

Posted September 14, 2012 5:10 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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Analysis and Recommendations:

The EUR/JPY climbed to 101.15 as the euro gained momentum and broke through the 1.30 price against the USD. The euro gained against all of its crosses and was the largest benefactor after the announcement of the new QE3 program from the Feds. The hopes of jump starting the US economy, was given a huge boost when Mr. Bernanke introduced a comprehensive plan to boost employment and housing in the US. Pulling out the big guns Mr. Bernanke shot his load and now it will be up to business and the government to push the economy to recover.

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Economic Data September 14, 2012 actual v. forecast

Date

Time

Currency

Importance

Event

Actual

Forecast

Previous

Sep. 14

05:30

JPY

Industrial Production (MoM)

-1.0%

-1.2%

Economic Data September 13, 2012 actual v. forecast for the US, since markets were too focused on the FOMC, it is important to look at the entire picture.