USD/JPY Fundamental Analysis September 26, 2012 Forecast

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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 

 

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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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