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EUR/JPY Fundamental Analysis – August 25, 2015 -Forecast

By:
Barry Norman
Updated: Aug 24, 2015, 07:02 UTC

Analysis and Recommendations: The EUR/JPY tumbled 25 points in the Asian session to trade at 138.73 as the euro soared in the early session. The Japanese

EUR/JPY Fundamental Analysis – August 25, 2015 -Forecast
EUR/JPY Fundamental Analysis – August 24, 2015 -Forecast
EUR/JPY Fundamental Analysis – August 24, 2015 -Forecast

Analysis and Recommendations:

The EUR/JPY tumbled 25 points in the Asian session to trade at 138.73 as the euro soared in the early session. The Japanese yen gained as safe haven status as traders worried about the situation in China.

The yen climbed to a six-week peak early on Monday and raced to a two-year high on its Australian peer as investors sought the safety of the Japanese currency on heightened risk aversion.

Worries about a slowing Chinese economy, and in turn global growth, flared up last Friday after a survey showed a further deterioration in China’s manufacturing activity.

This was compounded by a steep drop in the Chinese share market, triggering a domino effect that saw European stocks and Wall Street suffer their biggest one-day drop in nearly four years.

“‘Risk off’ remains the dominant theme of currency markets, with JPY and EUR expected to continue to strengthen. Should the higher volatility persist, the AUD and NZD should start to markedly under-perform more,” analysts at ANZ wrote in a note to clients.

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.

Today’s economic releases:

Cur.

 

Event

Actual

Forecast

Previous

 

  USD

 

FOMC Member Lockhart Speaks 

 

 

 

   

 

eurjpy

Upcoming Economic Events that you should be monitoring:

Tuesday, August 25, 2015

Cur.

 

Event

Actual

Forecast

Previous

 

  EUR

 

German GDP (QoQ) (Q2)

 

0.4%

0.4%

 

 

  EUR

 

German GDP (YoY) (Q2)

 

1.6%

1.6%

 

 

  CHF

 

Employment Level (Q2)

 

 

4.225M

 

 

  EUR

 

German Business Expectations (Aug)

 

102.0

102.4

 

 

  EUR

 

German Current Assessment (Aug)

 

113.9

113.9

 

 

  EUR

 

German Ifo Business Climate Index

 

107.8

108.0

 

 

  USD

 

S&P/CS HPI Composite – 20 n.s.a.

 

5.1%

4.9%

 

 

  USD

 

Services PMI (Aug)

 

56.0

 

 

 

  USD

 

CB Consumer Confidence (Aug)

 

93.3

90.9

 

 

  USD

 

New Home Sales (MoM) (Jul)

 

6.0%

-6.8%

 

 

  USD

 

New Home Sales (Jul)

 

510K

482K

   

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