EUR/JPY Weekly Fundamental Analysis – December 21- Christmas, 2015 – Forecast

2Weekly Analysis and Recommendations:

The EUR/JPY is trading at 131.80 down by 0.78%. The BoJ surprised markets with a new scheme supporting companies actively investing in the world´s number three economy, stoking a brief surge in the Nikkei benchmark stock index.

Wrapping up their last meeting of the year, central bank policymakers added a new plan to boost their holdings in firms dedicated to capital investment and hiring.

But they left a vast 80 trillion yen ($654 billion) annual asset-buying program unchanged.

Right after the BoJ announcement, the dollar strengthened to 123.13 yen from 122.56 yen before the declaration in Tokyo, and from 122.60 yen in New York late Thursday.

The euro traded at $1.0840, down slightly from $1.0842 earlier but was still higher than $1.0824 in New York late Thursday.

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.

Major Economic Events for the week:

 

 

Upcoming Government Bond Auctions

Date Time Country 

Dec 23 17:30 Italy Announces details of CTZ on 29 Dec, plus BTP/CCTeus on 30 Dec

Dec 23 17:30 US Holds 2-year FRN auction

Dec 28 19:00 US Holds 2-year auction

Dec 29 11:10 Italy Auctions CTZ

Dec 29 n/a UK Announces details of Gilt auction on Jan 05 & 07

Dec 29 19:00 US Holds 5-year note auction

Dec 30 11:10 Italy Auctions BTPs/CCTeus

Dec 30 19:00 US Holds 7-year note auction