EUR/JPY Fundamental Analysis – September 1, 2015 – Forecast

Analysis and Recommendations:

The EUR/JPY is flat in the morning session at 136.07 as traders remain sidelined as the month draws to a close. Eurozone inflation is due later in the session and UK traders are on vacation.  Analysts predict that worries about a slowdown in China and other emerging economies will weigh on the yen.  Some are even braced for a possible rekindling of global equity sell-offs.

Although the weakness of the preliminary Caixin China manufacturing industry purchasing manager index for August, released a week ago, “had already been expected, the data became a negative factor,” Hiwada said.

On Tuesday, the revised purchasing managers’ index for August will be released. Also on Tuesday, the Chinese government will release its own manufacturing and nonmanufacturing industry PMIs for the same month.

A measure on both business and consumer sentiment in the Eurozone crept higher and topped market projections. The Economic Sentiment Indicator climbed from 104 in July to 104.2 in August.

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.

Today’s economic releases:

 

Upcoming Economic Events that you should be monitoring:

Tuesday, September 1, 2015

Government Bond Auctions

Date Time Country

Sep 01 11:15 Austria Holds RAGB bond sale

Sep 01 00:00 UK Announces details of 3.5% 2045 Gilt

Sep 02 11:03 Sweden Holds bond auction

Sep 02 11:30 Germany Eur 4bn 0.25% Oct 2020 Bobl

Sep 02 11:30 UK Auctions new Jan 2021 Gilt

Sep 03 10:30 Spain Auctions Bonos/Obligaciones

Sep 03 11:10 France Auctions OATs

Sep 03 00:00 US Announces details of 3yr note on 08 Sep, 10yr note on 09 Sep

Sep 03 00:00 US Announces details of 10-year note on 09 Sep