USD/JPY Fundamental Analysis September 26, 2012 Forecast

Posted September 25, 2012 6:54 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
Add a comment

Category:

Fundamental Reports

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

Analysis and Recommendation:

The USD/JPY continued to weaken as the JPY holds on tight it is strenght. The USD strenghtened against most of its partners yesterday and this morning, except against the JPY.

This morning, outgoing MoF Minister said that the MoF would do what ever is necessary to control the FX markets. Azumi is being moved to a higher post, now that Prime Minister Noda has been re-elected.

Eco data in Japan this week includes CPI (-0.5% y/y exp), retail sales, and industrial production.

Government officials, economists and traders are hoping to find a way to weaken the JPY. Risk aversion is still the culprit for the strenght of the JPY, with gold prices too high and the USD uncertain, what risk aversion is in the market all seek safety in the JPY.

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 25, 2012 actual v. forecast

Date

Currency

Event

Actual

Forecast

Previous

Sep. 25

JPY

CSPI (YoY)

-0.3%

-0.2%

-0.3%

PHP

Philippines Trade Balance

-236.0M

-347.0M

-787.0M

AUD

RBA Financial Stability Review

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

Date	Time	Currency	Event	Forecast	Previous
Sep. 27	23:45	NZD	Building Consents (MoM)		2.0%
Sep. 28	00:30	JPY	Unemployment Rate	4.3%	4.3%
	00:30	JPY	Tokyo Core CPI (YoY)	-0.3%	-0.5%
	00:50	JPY	Industrial Production (MoM)	-0.5%	-1.0%
	00:50	JPY	Retail Sales (YoY)	-0.2%	-0.8%

Government Bond Auction

Date Time Country

Sep 26 09:10 Italy

Sep 26 09:10 Sweden

Sep 26 09:00 Germany

Sep 26 14:30 Sweden

Sep 26 17:00 US

Sep 27 00:30 Japan

Sep 27 09:10 Italy

Sep 27 17:00 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