USD/JPY Fundamental Analysis October 1, 2012 Forecast

Posted September 28, 2012 5:51 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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Analysis and Recommendation:

The USD/JPY is trading at 77.46 as the JPY continues to gather momentum. Today data showed that Housing starts in Japan fell less-than-expected in the last quarter, official data showed on Friday.

In a report, Ministry of Land, Infrastructure and Transport said that Japanese Housing Starts fell to a seasonally adjusted -5.5%, from -9.6% in the preceding quarter.

Retain sales also came in well above forecast and the unemployment rate declined all positives for the yen. Core CPI and Industrial production were disappointing.

But in this risk aversion safe haven mode of the markets the JPY continued to trade strong.

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 September 28, 2012 actual v. forecast

Date

Currency

Event

Actual

Forecast

Previous

Sep. 28

KRW

South Korean Industrial Production (YoY)

0.3%

0.4%

0.2%

KRW

South Korean Industrial Production (MoM)

-0.7%

-0.6%

-1.9%

JPY

Unemployment Rate

4.2%

4.3%

JPY

Tokyo Core CPI (YoY)

-0.4%

-0.3%

-0.5%

JPY

Industrial Production (MoM)

-1.3%

-0.5%

-1.0%

JPY

Retail Sales (YoY)

1.8%

-0.2%

-0.8%

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

Date	Time	Currency	Event	Forecast	Previous
Oct. 01	00:50	JPY	Tankan Large Manufacturers Index	-3	-1

Government Bond Auction

Date Time Country

Oct 01 10:00 Norway

Oct 02 09:15 Austria

Oct 02 09:30 Belgium

Oct 02 09:30 UK

Oct 02 14:30 UK

Oct 03 09:10 Sweden

Oct 03 10:00 Norway

Oct 04 08:30 Spain

Oct 04 08:50 France

Oct 04 15:00 US

Oct 05 15:30 Italy

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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

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