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EUR/JPY Monthly Fundamental Forecast January 2016

By:
Barry Norman
Published: Jan 1, 2016, 12:33 UTC

Outlook and Recommendation The EUR/JPY closed out 2015 at 130.52 near the bottom of its trading range for the year as the euro continued to tumbled. The

EUR/JPY Monthly Fundamental Forecast January 2016

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Outlook and Recommendation

The EUR/JPY closed out 2015 at 130.52 near the bottom of its trading range for the year as the euro continued to tumbled. The pair ended down 9.79% for the 2015 trading year.  Ultra-loose monetary policies by the

ECB and the Bank of Japan mean that relative stock market valuations stay attractive. Furthermore, economic activity both in the Euro Area as well as in Japan picked up in the last quarter 2015. Low energy prices and early signs of a stabilization in emerging markets are beneficiary for exporting firms outside the energy and mining complex. Yet, despite our constructive outlook for the stock markets in Japan and the Euro Area, economists are paying attention to the risk of elevated volatility in the weeks ahead. Thus, in implementing our views, we continue to favor prudent trading strategies.

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

eurjpy

Major Economic Events Scheduled In January

 

 

 

 

 

 

Event

   

 

Previous

   

MONDAY, JAN 04

 

 

 

USD

ISM Manufacturing PMI (Dec)

 

 

 

48.6

   

 

 

 

USD

ISM Prices Paid (Dec)

 

 

 

35.5

   

TUESDAY, JAN 05

 

 

 

EUR

Consumer Price Index (YoY) (Dec)

 

   

0.2%

   

 

 

 

EUR

Consumer Price Index – Core (YoY) (Dec)

 

   

0.9%

   

WEDNESDAY, JAN 06

 

 

 

EUR

Markit Services PMI (Dec)

 

   

56.7

   

 

 

 

USD

FOMC Minutes 

 

         

THURSDAY, JAN 07

 

 

 

CHF

Unemployment Rate (MoM) (Dec)

 

   

3.4%

   

 

 

 

EUR

ECB Monetary Policy Meeting Accounts 

 

         

FRIDAY, JAN 08

 

 

 

USD

Nonfarm Payrolls (Dec)

 

   

211K

   

 

 

 

USD

Unemployment Rate (Dec)

 

   

5%

   

 

 

 

CAD

Unemployment Rate (Dec)

 

   

7.1%

   

 

 

 

CAD

Net Change in Employment (Dec)

 

   

-35.7K

   

MONDAY, JAN 11

     

CHF

Real Retail Sales (YoY) (Dec)

     

-0.8%

   

WEDNESDAY, JAN 13

     

EUR

Non-monetary policy’s ECB meeting

           

THURSDAY, JAN 14

 

 

 

AUD

Fulltime employment (Dec)

 

   

41.6K

   

 

 

 

AUD

Unemployment Rate s.a. (Dec)

 

   

5.8%

   

 

 

 

GBP

BoE Interest Rate Decision (Jan 14)

 

   

0.5%

   

 

 

 

GBP

BoE Monetary Policy Statement 

           

FRIDAY, JAN 15

 

 

 

USD

Retail control (Dec)

 

   

0.6%

   

 

 

 

USD

Retail Sales ex Autos (MoM) (Dec)

 

   

0.4%

   

 

 

 

USD

Retail Sales (MoM) (Dec)

 

   

0.2%

   

WEDNESDAY, JAN 20

 

 

 

CAD

BoC Interest Rate Decision

     

0.5%

   

THURSDAY, JAN 21

 

 

 

EUR

ECB Interest Rate Decision

 

   

0.05%

   

 

 

 

EUR

ECB press conference 

 

         

WEDNESDAY, JAN 27

 

 

 

USD

Fed’s Monetary Policy Statement 

 

         

 

 

 

USD

Fed Interest Rate Decision

 

   

0.5%

   

 

 

 

USD

Fed’s press conference 

 

         

 

 

 

NZD

RBNZ Interest Rate Decision

 

   

2.5%

   

THURSDAY, JAN 28

 

 

 

USD

Durable Goods Orders (Dec)

 

   

0%

   

 

 

 

USD

Durable Goods Orders ex Transportation

 

   

-0.1%

   

FRIDAY, JAN 29

 

 

 

USD

Gross Domestic Product Price Index (Q4)

 

   

1.3%

   

 

 

 

USD

Gross Domestic Product Annualized (Q4)

 

   

2%

   
                         

 

 

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