EUR/JPY Fundamental Analysis December 5, 2012 Forecast

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Updated: Aug 20, 2015, 23:00 UTC

Analysis and Recommendations: The EUR/JPY broke above the 107 level to trade at 107.19 dipping 18pts this morning as the euro gained a bit of momentum.

EUR/JPY Fundamental Analysis December 5, 2012 Forecast

Analysis and Recommendations:

The EUR/JPY broke above the 107 level to trade at 107.19 dipping 18pts this morning as the euro gained a bit of momentum. The political uncertainty and the contrasting views of the Bank of Japan and monetary policy as pointed out in speeches yesterday by the Deputy of the Bank as well as Shinto Abe the possible next Prime Minister continues to weaken the Japanese currency.

Positive sentiment in the EU after successful bond sales and news from Greece helped support the euro. Traders will wait for Mr. Draghi and the ECB later in the week.

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 4, 2012 actual v. forecast

Date	Currency	Event	Actual	Forecast	Previous
Dec. 04	AUD	Building Approvals (MoM)	-7.6%	-2.0%	9.5%
	AUD	Current Account	-14.9B	-14.8B	-12.4B
	AUD	Interest Rate Decision	3.00%	3.00%	3.25%

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

Date	Time	Currency	Event	Forecast	Previous
Dec. 05	00:30	AUD	GDP (QoQ)	0.6%	0.6%
	13:15	USD	ADP Nonfarm Employment Change	125K	158K
	13:30	USD	Nonfarm Productivity (QoQ)	2.7%	1.9%
	13:30	USD	Unit Labor Costs (QoQ)	-0.9%	-0.1%
	15:00	USD	ISM Non-Manufacturing Index	53.5	54.2
	20:00	NZD	Interest Rate Decision	2.50%	2.50%
Dec. 07	00:30	AUD	Trade Balance	-2.05B	-1.46B