EUR/JPY Fundamental Analysis April 21, 2014 Forecast

Analysis and Recommendations:

The EUR/JPY is trading flat on Good Friday, with global markets shuttered. The pair is trading at 141.47. Worries about tensions in the Ukraine, which have prompted some safe-haven buying of the yen, eased somewhat on Thursday after the United States, Russia, Ukraine and the European Union called for an immediate halt to violence.

The euro was at $1.3815.. It hit a 2-1/2 year high near $1.40 last month, and since then European Central Bank officials have tried to talk it down given concerns that a strong currency could derail the euro zone’s fragile economic recovery. The latest was Executive Board member Yves Mersch, who said a sustained appreciation in the euro would inevitably trigger a reaction from the ECB. Last weekend, ECB President Mario Draghi identified the euro’s strength as a possible trigger for easing policy.

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 recent analysis and information in our  weekly reports and we provide daily updates and outlooks.

Economic Data April 18, 2014 actual v. forecast

 

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

Government Bond Auction

Date Time Country 

Apr 22 08:00 Holland

Apr 22 08:30 Spain

Apr 22 10:00 Belgium

Apr 22 14:30 UK

Apr 22 15:30 Italy

Apr 22 17:00 US

Apr 23 09:03 Sweden

Apr 23 15:30 Italy

Apr 23 17:00 US

Apr 24 08:30 Spain

Apr 24 09:03 Sweden

Apr 24 09:10 Italy

Apr 24 09:30 UK