EUR/JPY Fundamental Analysis September 21, 2012, Forecast

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Analysis and Recommendations:

The EUR/JPY is trading this morning at 101.72 as the JPY regained its strength, after falling yesterday, after the Bank of Japan, introduced a new round of QE. The JPY weakened by the end of the day, markets decided to ignore the BoJ move and the JPY returned to its previous strength.

The USD/JPY had surged to 79.17 immediately after the announcement only to return to the low 78 range by Thursday’s session.

The euro also weakened against its crosses more on technical trading and a directionless market. Traders are once again focusing on the unresolved issues in the EU, mainly Greece, Spain and Italy.

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 20, 2012 actual v. forecast

Date

 

Currency

 

 

Event

Actual

 

Forecast

 

Previous

 

 

Sept 20 

 

NZD

 

 

GDP (QoQ) 

0.6%

 

0.3% 

 

1.0% 

   

 

 

JPY

 

 

Trade Balance 

-0.47T

 

-0.37T 

 

-0.37T 

   

 

 

CNY

 

 

Chinese HSBC Manufacturing PMI 

47.80

 

 

 

47.60 

 

 

 

 

JPY

 

 

All Industries Activity Index (MoM) 

-0.6%

 

-0.5% 

 

0.3% 

   

 

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

(only tier 3 regional data)

Date

Time

 

Currency

 

 

Event

 

Previous

 

 

Sept 21 

07:45

 

NZD

 

 

Visitor Arrivals (MoM) 

 

-3.4% 

 

 

 

09:00

 

AUD

 

 

CB Leading Index (MoM) 

 

0.2% 

 

 

 

12:00

 

NZD

 

 

Credit Card Spending (YoY) 

 

0.1% 

 

 

 

20:30

 

INR

 

 

Indian FX Reserves, USD 

 

292.04B 

 

 

 

20:30

 

INR

 

 

Indian Bank Loan Growth 

 

16.70% 

 

 

 

23:30

 

USD

 

 

ECRI Weekly Annualized (WoW) 

 

2.10% 

 

 

Government Bond Auction

Date Time Country 

Sep 21 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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