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EUR/JPY Monthly Fundamental Forecast December 2012

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

Outlook and Recommendation The EUR/JPY  gained to trade at recent highs of 1.0712 after political uncertainty and future monetary policy in Japan stressed

EUR/JPY Monthly Fundamental Forecast December 2012

Outlook and Recommendation

The EUR/JPY  gained to trade at recent highs of 1.0712 after political uncertainty and future monetary policy in Japan stressed traders. Traders abandoned the yen in droves as the contender Shinto Abe laid out his policy for the Japanese economy and his control over the Bank of Japan.

Highest: 107.67

Lowest: 105.29

Difference: 2.39

Average: 106.53

Change %: 0.73

After resolving the Greek financial problems the euro was able to climb as sentiment turned positive, even though the euro fell into a technical recession.

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

Central Bank Name: European Central Bank

Date of next meeting or last meeting: December 6, 2012

Current Rate: 0.75%

Economic Highlights of the coming week that affect the AUD, JPY, NZD and USD

Date

Time

Currency

Event

Forecast

Previous

Dec. 03

00:30

AUD

Company Gross Operating Profits (QoQ) 

-2.5%

-0.7%

 

00:30

AUD

Retail Sales (MoM) 

0.4%

0.5%

 

15:00

USD

ISM Manufacturing Index 

51.3

51.7

Dec. 04

00:30

AUD

Building Approvals (MoM) 

-2.0%

7.8%

 

00:30

AUD

Current Account 

-14.8B

-11.8B

 

03:30

AUD

Interest Rate Decision 

3.00%

3.25%

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

 

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