EUR/JPY Fundamental Analysis December 13, 2012 Forecast

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Updated: Aug 21, 2015, 00:00 UTC

Analysis and Recommendations: The EUR/JPY is trading at 107.43 with the euro climbing against the weak JPY. The JPY remains weak as the Bank of Japan

EUR/JPY Fundamental Analysis December 13, 2012 Forecast

Analysis and Recommendations:

The EUR/JPY is trading at 107.43 with the euro climbing against the weak JPY. The JPY remains weak as the Bank of Japan continues to inject stimulus to help support the failing economy. This morning Japanese core machinery orders missed forecast but turned around since last month’s poor report. With elections on December 16^th and the political uncertainties as Shinzo Abe looks to be the future Prime Minister, traders remain negative towards the JPY.

While a positive ZEW confidence release in Germany has helped support the euro. The euro has been the benefactors of the weak US dollar ahead of today’s FOMC meeting

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 December 12, 2012 actual v. forecast

Date

Currency

Event

Actual

Forecast

Previous

Dec. 12

USD

API Weekly Crude Stock

4.27M

-1.87M

-2.22M

USD

API Weekly Gasoline Stock

2.76M

1.93M

5.71M

KRW

South Korean Unemployment Rate

3.0%

3.1%

3.0%

AUD

Westpac Consumer Sentiment

-4.10%

5.20%

JPY

CGPI (YoY)

-0.9%

-1.0%

JPY

Core Machinery Orders (MoM)

2.6%

3.0%

-4.3%

JPY

Tertiary Industry Activity Index (MoM)

-0.1%

-0.3%

0.2%

KRW

South Korean M2 Money supply

7.80%

8.90%

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

Date	Time	Currency	Event	Forecast	Previous
Dec. 13	23:50	JPY	Tankan Large Manufacturers Index	-10	-3
Dec. 14	04:30	JPY	Industrial Production (MoM)		1.8%