EUR/JPY Fundamental Analysis December 21, 2012, Forecast

Analysis and Recommendations:

The EUR/JPY continues to climb breaking about 111.00 to trade at 111.32 after an additional injection of stimulus by the BoJ this morning. The euro is trading on positive sentiment, as news from the EU has been fairly quiet and eco data from Germany yesterday helped the positive mood, after German iFO business confidence soared above expectation.

The JPY weakened further this morning but bounced back after the announcement from the Bank of Japan as the bank did exactly as markets expected. With newly elected Shinzo Abe, pushing the bank to do more, traders were worried how far he could push policy and inflation rates. The bank seem to hold its ground.

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 20, 2012 actual v. forecast

 

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

 

Government Bond Auction

Date Time Country 

Dec 21 16:30 Italy