EUR/JPY Fundamental Analysis September 17, 2012, Forecast

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By FX Empire Analyst - Barry Norman
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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.

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 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% 

 

-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.

Date

Time

 

Currency

 

Importance

 

Event

Actual

 

Forecast

 

Previous

 

 

 

13:30

 

USD

 

 

 

Core PPI (MoM) 

0.2%

 

0.2% 

 

0.4% 

 

 

 

13:30

 

USD

 

 

 

PPI (MoM) 

1.7%

 

1.1% 

 

0.3% 

 

 

 

13:30

 

USD

 

 

 

Initial Jobless Claims 

382K

 

370K 

 

367K 

   

 

13:30

 

USD

 

 

 

Continuing Jobless Claims 

3283K

 

3318K 

 

3332K 

   

 

13:30

 

USD

 

 

 

PPI (YoY) 

2.0%

 

1.4% 

 

0.5% 

 

 

 

13:30

 

USD

 

 

 

Core PPI (YoY) 

2.5%

 

2.6% 

 

2.5% 

 

 

 

17:30

 

USD

 

 

 

Interest Rate Decision 

0.25%

 

0.25% 

 

0.25% 

 

 

 

17:30

 

USD

 

 

 

FOMC Statement 

 

 

 

 

 

 

 

 

19:00

 

USD

 

 

 

Federal Budget Balance 

-191.0B

 

-155.0B 

 

-69.6B 

 

 

  

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

Date

Time

Currency

 

Event

 

Forecast

Previous

 Sep. 18

23:45

NZD

 

Current Account 

 

-1.66B 

-1.31B 

Government Bond Auction

Date Time Country 

Sep 17 09:10 Slovakia

Sep 17 10:00 Norway 

Sep 18 08:30 Spain 

Sep 18 09:10 Greece 

Sep 18 09:30 Belgium 

Sep 19 09:10 Sweden 

Sep 19 09:30 Germany 

Sep 19 09:30 Portugal 

Sep 19 10:00 Norway 

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