USD/JPY Fundamental Analysis October 23, 2012 Forecast

Posted October 22, 2012 5:49 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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USD/JPY Fundamental Analysis October 23, 2012 Forecast

Analysis and Recommendation:

The USD/JPY added a few pips in early Asian trading on Monday. the Ministry of Finance reported that the country’s trade balance fell to a seasonally adjusted -0.98T, from -0.46T in the preceding month whose figure was revised up from -0.47T. Forecasts had predicted the trade balance to fall -0.74T last month. The report saw a lot of buying volume on yen. The Bank of Japan will meet on Oct. 30 to discuss monetary policy, and talk policymakers may take fresh steps to stimulate the economy weakened the yen against its U.S. counterpart at times during the session. The only other highlight for the week is due out on Friday, when Tokyo Core CPI (-0.5%) will be released.

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 22, 2012 actual v. forecast

Date	Currency	Event	Actual	Forecast	Previous
Oct. 22	JPY	Trade Balance	-0.98T	-0.74T	-0.46T
	JPY	BoJ Governor Shirakawa Speaks
	TWD	Taiwanese Unemployment Rate	4.30%	4.30%	4.29%

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

Date	Time	Currency	Event	Forecast	Previous
Oct. 24	01:30	AUD	CPI (QoQ)	1.1%	0.5%
	01:30	AUD	Trimmed Mean CPI (QoQ)	0.6%	0.5%
	02:45	CNY	Chinese HSBC Manufacturing PMI		47.90
	15:00	USD	New Home Sales	385K	373K
	21:00	NZD	Interest Rate Decision	2.50%	2.50%
Oct. 25	22:45	NZD	Trade Balance	-825M	-789M
Oct. 26	00:30	JPY	Tokyo Core CPI (YoY)	-0.5%	-0.4%

Government Bond Auction

Date Time Country

Oct 23 08:30 Spain

Oct 23 14:30 UK

Oct 23 17:00 US

Oct 24 09:10 Sweden

Oct 24 09:30 Germany

Oct 24 14:30 Sweden

Oct 24 15:30 Italy

Oct 24 16:30 US

Oct 25 00:30 Japan

Oct 25 09:10 Sweden

Oct 25 15:30 Italy

Oct 25 17:00 US

Oct 26 09:10 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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