USD/JPY Fundamental Analysis October 12, 2012 Forecast

Posted October 11, 2012 7:15 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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USD/JPY Fundamental Analysis October 12, 2012 Forecast

Analysis and Recommendation:

The USD/JPY is trading at 77.99 in risk aversion mode. G7 leaders and EU Finance Ministers are meeting in Tokyo along with the IMF and World Bank to discuss the current global economic situation. Side meetings are also scheduled to discuss the continue stress to the Japanese economy caused by the strength of the JPY. The USD and JPY are both picking up momentum as they are beginning to be the favored safe havens as markets turn to risk off assets. Global growth and debt continues to weigh heavily on investors’ minds along with the worsening slowdown in China. This morning Japan reported a drop in household confidence and Core Machinery orders which worsens the Japanese economic situation.

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 October 11, 2012 actual v. forecast

Date	Currency	Event	Actual	Forecast	Previous
Oct. 11	JPY	Core Machinery Orders (MoM)	-3.3%	-2.5%	4.6%
	JPY	Bank Lending (YoY)	1.0%		0.9%
	AUD	MI Inflation Expectations	2.6%		2.4%
	AUD	Employment Change	14.5K	3.8K	-9.1K
	AUD	Unemployment Rate	5.4%	5.3%	5.1%
	KRW	South Korean Interest Rate Decision	2.75%	2.75%	3.00%
	MYR	Malaysian Industrial Production (YoY)	-0.7%	-2.0%	2.9%
	JPY	Household Confidence	40.1	41.2	40.5

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

Date	Time	Currency	Event	Forecast	Previous
Oct. 12	00:50	JPY	Tertiary Industry Activity Index (MoM)	0.5%	-0.8%
	13:30	USD	Core PPI (MoM)	0.2%	0.2%
	13:30	USD	PPI (MoM)	0.8%	1.7%
	14:55	USD	Michigan Consumer Sentiment	77.9	78.3

Government Bond Auction

Date Time Country

Oct 12 09:30 Germany

Oct 12 10:00 Belgium

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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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