The EUR/JPY will open a new week at 123.22 falling 3.11% in the previous week as the Japanese yen soared on safe haven moves and comments from the Bank of
The EUR/JPY will open a new week at 123.22 falling 3.11% in the previous week as the Japanese yen soared on safe haven moves and comments from the Bank of Japan. The dollar firmed a little but languished close to 17-month lows against the yen on Friday, with the Japanese currency poised for weekly gains against its major counterparts despite verbal warnings from Japanese officials.
Underpinning the greenback, a less cautious tone from Federal Reserve Chair Janet Yellen reminded investors that U.S. interest rate hikes are likely still in the cards this year, and Japanese Finance Minister Taro Aso let them know direct intervention is also possible.
Indeed, the ECB is open to expanding its already loose current quantitative easing (QE) measures, should the Eurozone’s economic situation worsen. That prospect alone should keep pressure on the EUR/USD. The euro has also lost points against the Japanese yen
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Major Economic Events for the week:
Cur. | Event | Actual | Forecast | Previous | ||||
Monday, April 11, 2016 | ||||||||
CNY | CPI (YoY) (Mar) | 2.5% | 2.3% | |||||
Tuesday, April 12, 2016 | ||||||||
GBP | CPI (YoY) (Mar) | 0.4% | 0.3% | |||||
Wednesday, April 13, 2016 | ||||||||
CNY | Trade Balance (USD) (Mar) | 30.85B | 32.59B | |||||
USD | Core Retail Sales (MoM) (Mar) | 0.4% | -0.1% | |||||
USD | PPI (MoM) (Mar) | 0.3% | -0.2% | |||||
USD | Retail Sales (MoM) (Mar) | 0.1% | -0.1% | |||||
CAD | Interest Rate Decision | 0.50% | 0.50% | |||||
USD | Crude Oil Inventories | -4.937M | ||||||
Thursday, April 14, 2016 | ||||||||
AUD | Employment Change (Mar) | 20.0K | 0.3K | |||||
EUR | CPI (YoY) (Mar) | -0.1% | -0.1% | |||||
GBP | Interest Rate Decision (Apr) | 0.50% | 0.50% | |||||
USD | Core CPI (MoM) (Mar) | 0.2% | 0.3% | |||||
Friday, April 15, 2016 | ||||||||
CNY | GDP (YoY) (Q1) | 6.7% | 6.8% | |||||
CNY | GDP (QoQ) (Q1) | 1.5% | 1.6% | |||||
CNY | Industrial Production (YoY) (Mar) | 5.9% | 5.4% |
Upcoming Government Bond Auctions
Date Time Country
Apr 12 11:30 Germany Holds I/L bond auction
Apr 12 19:00 US Holds 3-year note auction
Apr 13 11:03 Sweden Holds bond auction
Apr 13 11:10 Italy Holds bond auction
Apr 13 11:15 Switzerland Holds bond auction
Apr 13 11:30 UK Holds bond auction
Apr 13 19:00 US Holds 10-year note auction
Apr 14 12:00 Iceland Holds bond auction