USD/JPY Fundamental Analysis August 16, 2012, Forecast

Get Forex buy/sell signals directly to your email and by SMS.
To learn more click here

Analysis and Recommendation:

The USD/JPY is trading this morning at 78.79 as the greenback has finally been able to gather some momentum against the yen. As markets look for higher risk assets, the JPY is losing its appeal. Traders will slowly begin to look at the underlying negative eco data from Japan.

With a very strong retail sales release in the US followed by positive CPI numbers, the odds that the Fed will offer stimulus has declined.

Markets are waiting on US housing data and unemployment solid numbers here could help push the USD back towards the 80.00 price level

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 up to the data analysis and information in our weekly reports.

Economic Data August 15, 2012 actual v. forecast

Date

Time

 

Currency

 

 

 

Event

Actual

 

Forecast

 

Previous

 

 

Aug. 15

01:30

 

AUD

 

 

 

Westpac Consumer Sentiment 

-2.50%

 

 

 

3.70% 

 

 

 

02:30

 

AUD

 

 

 

Wage Price Index (QoQ) 

1.0%

 

0.8% 

 

0.9% 

 

 

 

Upcoming Economic Events that affect the AUD, NZD, JPY and USD

Date

Time

Currency

Event 

Forecast

Previous

Aug 16

1:00

AUD

MI Inflation Expectations

 

3.3%

 

12:30

USD

Building Permits

0.77M

0.76M

 

12:30

USD

Unemployment Claims

365K

361K

 

12:30

USD

Housing Starts

0.76M

0.76M

 

14:00

USD

Philly Fed Manufacturing Index

-4.3

-12.9

 

22:45

NZD

PPI Input q/q

 

0.3%

Aug 17

13:55

USD

Prelim UoM Consumer Sentiment

72.5

72.3

Government Bond Auctions

Date  Time  Country 

Aug 16  09:30  UK

Aug 16  15:00  US

Want to read more articles like this one?
Enter your e-mail address and read FX Empire content directly from your inbox.
 
We value your privacy. Your e-mail address will not be shared.
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

  View all of FX Empire Analyst - Barry Norman's Articles    
Share Your Thoughts: Post a Comment


Your email address will not be published.