EUR/JPY Fundamental Analysis December 20, 2012, Forecast

Analysis and Recommendations:

The EUR/JPY is trading at 111.71 continuing to climb as the JPY weakens as the Bank of Japan is expected to add a large amount of monetary stimulus after its meeting this week. Shinzo Abe the new Prime Minister of Japan has not wasted anytime taking action. Yesterday he agreed to review and offer a completely revised budget and also met with the Governor of the Bank of Japan to review inflation rates and monetary policy. The euro continues to climb as the US dollar weakens as traders move to the euro as US fiscal negotiations seem to be making headway. Also Standard and Poor’s gave Greece an upward revision of its credit rating helping to support the euro.

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 19, 2012 actual v. forecast

 

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

 

Government Bond Auction

Date Time Country 

Dec 20 10:30 UK 

Dec 20 16:30 Italy  

Dec 20 18:00 US 

Dec 21 16:30 Italy