EUR/JPY Fundamental Analysis December 12, 2012, Forecast

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Updated: Aug 21, 2015, 00:00 UTC

Analysis and Recommendations: The EUR/JPY saw a climb to hit 106.67 adding 11pts in early morning trading. The euro and the JPY are weak facing political

EUR/JPY Fundamental Analysis December 12, 2012, Forecast

Analysis and Recommendations:

The EUR/JPY saw a climb to hit 106.67 adding 11pts in early morning trading. The euro and the JPY are weak facing political uncertainty, recession and fiscal problems. With Mario Monti’s resignation and the Greek bond buy back incomplete the euro remains on the negative side. While in Japan elections scheduled for December 16th and the Bank of Japan flooding markets with easy money continue to stress traders and the JPY.

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Economic Data December 11, 2012 actual v. forecast

Date	Currency	Event	Actual	Forecast	Previous
Dec. 11	GBP	RICS House Price Balance	-9%	-7%	-7%
	AUD	NAB Business Confidence	-9		-1

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

Date	Time	Currency	Event	Forecast	Previous
Dec. 12	13:30	USD	Import Price Index (MoM)	-0.5%	0.5%
	19:00	USD	Federal Budget Balance	-147.5B	-120.0B
Dec. 13	23:50	JPY	Tankan Large Manufacturers Index	-10	-3
Dec. 14	04:30	JPY	Industrial Production (MoM)		1.8%