EUR/JPY Fundamental Analysis September 24, 2012 Forecast
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Analysis and Recommendations:
The EUR/JPY is trading at 101.55 this morning as the euro gained some momentum against the weakened JPY. The JPY has been declining ever since the introduction of additional stimulus from the BoJ. The JPY is weak against most of the crosses except the USD.
Speculators are worried that the MoF will begin stealth intervention to help support the USD against the JPY, which would continue to lower the value against its cousins.
Whereas the euro is also weak on worries resurfacing about the ongoing EU debt problems which do not seem to be going away or dealt with. The ECB’s new program is only a short term fix and a stop gap, but politicians are now moving to other matters and closing their eyes on the problems brewing in Spain, Greece and Italy which is starting to show stress on the euro.
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 21, 2012 actual v. forecast
|
Date |
|
Currency |
|
|
Event |
Actual |
|
Forecast |
|
Previous |
|
|
|
|
|
NZD |
|
|
Visitor Arrivals (MoM) |
5.4% |
|
|
|
-3.3% |
||
|
|
|
AUD |
|
|
CB Leading Index (MoM) |
0.0% |
|
|
|
0.5% |
||
|
|
|
NZD |
|
|
Credit Card Spending (YoY) |
1.0% |
|
|
|
0.1% |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
There is no Tier 1 or 2 data scheduled for the 24th, only local and regional reports.
Government Bond Auction
Date Time Country
Sep 24 09:10 Norway
Sep 24 09:30 Germany
Sep 24 10:00 Belgium
Sep 24 15:30 Italy
Sep 25 08:30 Holland
Sep 25 08:30 Spain
Sep 25 09:10 Italy
Sep 25 14:30 UK
Sep 25 17:00 US
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