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EUR/JPY Fundamental Analysis December 31, 2012, Forecast

By:
Barry Norman
Updated: Aug 21, 2015, 02:00 UTC

Analysis and Recommendations: The EUR/JPY continues to climb breaking historic level at 114.42. The yen extended its drop against major currencies after

EUR/JPY Fundamental Analysis December 31, 2012, Forecast
EUR/JPY Fundamental Analysis December 31, 2012, Forecast
EUR/JPY Fundamental Analysis December 31, 2012, Forecast

Analysis and Recommendations:

The EUR/JPY continues to climb breaking historic level at 114.42. The yen extended its drop against major currencies after data released earlier on Friday showed Japan’s industrial output fell by a greater-than-expected 1.7% in November, while a measure of consumer prices showed the country remained in the grip of deflation.

The euro continues to gain, after a bit of a falter on political news from the US, but this morning the euro has recovered as the JPY continues to drip. Market support moves in Japan but remain worried about deflation and over easing.

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

Markets will have a shortened day on Monday December 31st and  most are closed on Tuesday January 1, 2013. Our analysis will be published as markets close on Monday and there will be no analysis on Tuesday. I want to wish all of my readers a happy and healthy new year. I hope you continue reading our analysis next year.

 Economic Data December 28, 2012 actual v. forecast

Date

 

Currency

 

 

Event

Actual

 

Forecast

 

Previous

 

 

Dec 28 

 

KRW

 

 

South Korean Industrial Production

2.9%

 

0.8% 

 

-0.8% 

 

 

 

 

KRW

 

 

South Korean Industrial Production

2.3%

 

0.7% 

 

0.6% 

 

 

 

 

JPY

 

 

Unemployment Rate 

4.1%

 

4.2% 

 

4.2% 

 

 

 

 

JPY

 

 

Tokyo Core CPI (YoY) 

-0.6%

 

-0.5% 

 

-0.5% 

 

 

 

 

JPY

 

 

Industrial Production (MoM) 

-1.7%

 

-0.5% 

 

1.6% 

 

 

 

 

JPY

 

 

Retail Sales (YoY) 

1.3%

 

1.1% 

 

-1.2% 

 

 

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

Date

Time

Country

Event

Forecast

Previous

Jan. 01

01:00

CNY

Chinese Manufacturing PMI 

 

50.60 

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