USD/JPY Fundamental Analysis – November 30, 2015 – Forecast

Analysis and Recommendation:

The USD/JPY gained 4 points matching gains in the US dollar on very low volume during the US holiday. The JPY is trading at 122.62 dead center of its trading range. US markets close early today but most traders remain on holiday until Monday.  The dollar, euro and yen found themselves in familiar territory early on Friday, having shuffled sideways in thin trade with U.S. markets shut for the Thanksgiving Day holiday.

Rising expectations the Federal Reserve will raise interest rates at its December meeting has pushed the dollar higher since mid-October. That has pressured Asian currencies and commodities, which become more expensive for other currency holders as the dollar strengthens.

The Wall Street Journal Dollar Index, which gauges the U.S. currency against a basket of 16 currencies, is hovering around its highest level in more than a decade.

The gains also reflect excessive optimism about how aggressive the European Central Bank and Bank of Japan will be in December

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.

Today’s economic releases:

 

Upcoming Economic Events that you should be monitoring:

Monday, November 30, 2015

Government Bond Auctions

Date Time Country

Nov 30 11:03 Sweden Holds bond auction

Dec 01 11:30 UK 1.5% 2021 Gilt auction

Dec 02 16:30 Sweden Announces details of Bond on 11 Dec

Dec 03 10:30 Spain Auctions

Dec 03 10:50 France Auctions OATs

Dec 03 11:03 Sweden Holds I/L bond auction

Dec 04 11:03 Sweden Holds I/L bond auction