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EUR/JPY Weekly Fundamental Analysis – April 11-15, 2016 -Forecast

By:
Barry Norman
Published: Apr 9, 2016, 05:43 UTC

The EUR/JPY will open a new week at 123.22 falling 3.11% in the previous week as the Japanese yen soared on safe haven moves and comments from the Bank of

EUR/JPY Weekly Fundamental Analysis – April 11-15, 2016 -Forecast

The EUR/JPY will open a new week at 123.22 falling 3.11% in the previous week as the Japanese yen soared on safe haven moves and comments from the Bank of Japan.  The dollar firmed a little but languished close to 17-month lows against the yen on Friday, with the Japanese currency poised for weekly gains against its major counterparts despite verbal warnings from Japanese officials.

Underpinning the greenback, a less cautious tone from Federal Reserve Chair Janet Yellen reminded investors that U.S. interest rate hikes are likely still in the cards this year, and Japanese Finance Minister Taro Aso let them know direct intervention is also possible.

Indeed, the ECB is open to expanding its already loose current quantitative easing (QE) measures, should the Eurozone’s economic situation worsen. That prospect alone should keep pressure on the EUR/USD. The euro has also lost points against the Japanese yen

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.

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Major Economic Events for the week:

Cur. Event Actual Forecast Previous
Monday, April 11, 2016
  CNY CPI (YoY) (Mar)   2.5% 2.3%  
Tuesday, April 12, 2016
  GBP CPI (YoY) (Mar)   0.4% 0.3%  
Wednesday, April 13, 2016
    CNY Trade Balance (USD) (Mar)   30.85B 32.59B  
    USD Core Retail Sales (MoM) (Mar)   0.4% -0.1%  
    USD PPI (MoM) (Mar)   0.3% -0.2%  
    USD Retail Sales (MoM) (Mar)   0.1% -0.1%  
    CAD Interest Rate Decision   0.50% 0.50%  
    USD Crude Oil Inventories     -4.937M  
Thursday, April 14, 2016
    AUD Employment Change (Mar)   20.0K 0.3K  
    EUR CPI (YoY) (Mar)   -0.1% -0.1%  
    GBP Interest Rate Decision (Apr)   0.50% 0.50%  
    USD Core CPI (MoM) (Mar)   0.2% 0.3%  
Friday, April 15, 2016
    CNY GDP (YoY) (Q1)   6.7% 6.8%  
    CNY GDP (QoQ) (Q1)   1.5% 1.6%  
    CNY Industrial Production (YoY) (Mar)   5.9% 5.4%

Upcoming Government Bond Auctions

Date Time Country 

Apr 12 11:30 Germany Holds I/L bond auction

Apr 12 19:00 US Holds 3-year note auction

Apr 13 11:03 Sweden Holds bond auction

Apr 13 11:10 Italy Holds bond auction

Apr 13 11:15 Switzerland Holds bond auction

Apr 13 11:30 UK Holds bond auction

Apr 13 19:00 US Holds 10-year note auction

Apr 14 12:00 Iceland Holds bond auction

 

 

 

 

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