EUR/JPY Fundamental Analysis December 7, 2012, Forecast

Analysis and Recommendations:

The EUR/JPY continued to climb to trade at 107.70 as the JPY weakens as risk aversion leaves the markets and traders abandoned the yen. With political uncertainty and additional monetary stimulus the yen continues to fall against the crosses. The euro is well supported as global sentiment remains positive towards the euro, although worries about a poorly subscribed Spanish debt auction worried markets. The euro will remain in a tight range ahead of the European Central Bank meeting later today.

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 6, 2012 actual v. forecast

 

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

Government Bond Auction

Date Time Country 

Dec 07 16:30 Italy  

Dec 10 10:10 Norway 

Dec 10 10:10 Slovakia 

Dec 10 15:30 UK 

Dec 10 16:30 Italy  

Dec 11 09:30 Spain 

Dec 11 10:10 Greece 

Dec 11 10:15 Austria 

Dec 11 10:30 Belgium 

Dec 11 10:30 UK 

Dec 11 18:00 US