EUR/JPY Fundamental Analysis – August 28, 2015 – Forecast

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Published: Aug 27, 2015, 04:47 UTC

Analysis and Recommendations: The EUR/JPY soared 62 points as the yen eased as traders moved away from safe havens. The pair is trading at 136.26 as the

EUR/JPY Fundamental Analysis – August 28, 2015 – Forecast

Analysis and Recommendations:

The EUR/JPY soared 62 points as the yen eased as traders moved away from safe havens. The pair is trading at 136.26 as the euro gained in the early session. After China’s central bank demonstrated its determination to prevent the country’s economy from worsening, “hopes grew among market participants that some measures will come out in China if Shanghai stocks fall further,” said Hiroichi Nishi, assistant general manager for investment research and investor services at SMBC Nikko Securities Inc.

A risk-averse mood retreated somewhat thanks to a decision by the People’s Bank of China to reduce its key interest rate and ease bank reserve requirements, brokers said.

In Japan budget requests by Japan’s central government offices for the new fiscal year from next April are set to total a record ¥102 trillion ($853 billion), due primarily to social security spending growth in a rapidly aging society, government sources said Tuesday.

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
AUD		Private New Capital Expenditure	-4.0%	-2.5%	-4.7%

Upcoming Economic Events that you should be monitoring:

Friday, August 28 2015

Cur.	Event	Actual	Forecast	Previous
JPY	Household Spending (YoY) (Jul)		1.3%	-2.0%
JPY	Household Spending (MoM) (Jul)		2.2%	-3.0%
JPY	National Core CPI (YoY) (Jul)		-0.2%	0.1%
JPY	Tokyo Core CPI (YoY) (Aug)		-0.2%	-0.1%
JPY	Retail Sales (YoY) (Jul)		1.1%	0.9%
CHF	GDP (YoY) (Q2)		0.9%	1.1%
CHF	GDP (QoQ) (Q2)		-0.1%	-0.2%
EUR	Spanish CPI (YoY) (Aug)		-0.1%	0.1%
EUR	Spanish HICP (YoY) (Aug)		-0.2%	0.0%
GBP	Business Investment (QoQ)		1.7%	2.0%
GBP	GDP (QoQ) (Q2)		0.7%	0.7%
EUR	German CPI (MoM) (Aug)		-0.1%	0.2%
USD	Core PCE Price Index (MoM) (Jul)		0.1%	0.1%
USD	Goods Trade Balance (Jul)			-62.26B
USD	Personal Spending (MoM) (Jul)		0.4%	0.2%
CAD	RMPI (MoM) (Jul)		-4.0%	0.0%
USD	Michigan Consumer Expectations			83.8