USD/JPY Forecast Jan. 16, 2012, Fundamental Analysis
Fundamental Reports
USD/JPY Forecast Jan. 16, 2012, Fundamental Analysis
The current market sentiment is focusing on the EU debt crisis developments, and whether the economic fundamentals from major economies come strong or pessimistic.
Thus, the latest developments regarding the EU debt crisis are forcing us to predict a continuation of the risk aversion scenario in the financial market, which means more demand for the yen and the dollar against other major currencies, and in contrast more support for the yen against the greenback.
On Monday at 23:50 GMT (Sunday), the Japanese economy will issue the Machine Orders for November, where the previous reading was –6.9% and expected to come at 5.1%, while the annual Machine Orders had a prior reading of 1.5% and expected at 3.8%.
Mrs. Irit Rutenberg is FXEmpire.com Content and Analysis Team Manager, with a few years of experience in the field. The FXEmpire.com news desk members are all of an academic background in the finance field with practical and theoretical experience in trading.
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