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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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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