EUR/JPY Fundamental Analysis September 2, 2013 Forecast

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EUR/JPY Fundamental Analysis September 2, 2013 Forecast

EUR/JPY Fundamental Analysis September 2, 2013 Forecast

Analysis and Recommendations:

The EUR/JPY is trading at 130.07 easing 10 pips as safe haven trades continue to dominate the holiday thin market. Japan’s core consumer price index, excluding fresh foods, stood at 100.1 against the 2010 base of 100, the Ministry of Internal Affairs and Communications said. A smaller decline in some durable goods prices also contributed to lifting overall prices, the ministry said. Prices of recreational durable goods including televisions dropped 2.8 percent from a year earlier, compared with a year-on-year fall of 3.5 percent in June. The euro remains below 1.3250 as it weakened this week against the strong US dollar. There was limited eco data in the eurozone except from Germany which was mixed.

Japanese Finance Minister Taro Aso said on Friday that a series of economic data issued earlier in the day presented a favorable economic trend towards a sales tax hike planned for next April. Japan’s core consumer inflation rate accelerated to its highest in nearly five years in July and factory output rebounded smartly, suggesting that government and central bank efforts to end deflation are making some progress.

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 August 30, 2013 actual v. forecast

Date

 

Currency

 

 

Event

Actual

 

Forecast

 

Previous

 

 

Aug. 30

 

NZD

 

 

Building Consents (MoM) 

-0.8%

 

1.3% 

 

-4.0% 

 

 

 

 

KRW

 

 

South Korean Industrial Production (YoY) 

0.9%

 

0.5% 

 

-2.5% 

   

 

 

KRW

 

 

South Korean Industrial Production (MoM) 

-0.1%

 

0.3% 

 

0.6% 

   

 

 

JPY

 

 

Tokyo Core CPI (YoY) 

0.4%

 

0.4% 

 

0.3% 

 

 

 

 

JPY

 

 

Tokyo CPI (YoY) 

0.5%

 

 

 

0.4% 

 

 

 

 

USD

 

 

FOMC Member Bullard Speaks 

 

 

 

 

 

 

 

 

 

JPY

 

 

Industrial Production (MoM) 

3.2%

 

3.7% 

 

-3.1% 

 

 

 eurjpy 0830bnsnla

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

Date

Time

Currency

Event

Previous

 Sep. 02

00:50

JPY

Capital Spending (YoY) 

-3.9%

 

02:30

AUD

Building Approvals (MoM) 

-6.9%

 

02:30

AUD

Company Gross Operating Profits (QoQ) 

3.0%

 

02:30

AUD

Business inventories (MoM) 

-0.6%

 

02:45

CNY

Chinese HSBC Manufacturing PMI 

50.1

Government Bond Auction

Date Time Country 

Sep 03 09:10 Norway

Sep 03 09:15 Austria

Sep 03 09:30 Belgium

Sep 03 09:30 UK

Sep 04 09:10 Sweden

Sep 04 09:30 Germany

Sep 05 08:30 Spain

Sep 05 08:50 France

Sep 05 15:00 US

Sep 06 15:30 Italy

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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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