USD/JPY Fundamental Analysis December 10, 2012, Forecast

Analysis and Recommendation:

The USD/JPY climbed today to trade at 82.48 adding 7 pips as the US dollar gained after the ECB offered a downward revision of growth in the EU through 2014. The euro tumbled over 100 pips while positive data in the US showed unemployment claims falling helped the US dollar index climb. The Bank of Japan said it would offer additional monetary stimulus weighing heavily on the yen

President Obama assured markets that lawmakers will reach an agreement to avert fiscal disasters on January 1, 2013. . The impact of headline risk arising from political rhetoric appears to have weakened, but remains one of the key drivers in the current environment. Traders will have to wait until the December 16th election to see the future of Japanese economic policy and the future of the Bank of Japan.

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 up to the data analysis and information in our weekly reports.

Economic Data December 7, 2012 actual v. forecast

 

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

Government Bond Auction

Date Time Country 

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 

Dec 12 10:10 Italy  

Dec 12 10:10 Sweden 

Dec 12 10:30 Swiss 

Dec 12 16:30 US 

Dec 13 01:30 Japan 

Dec 13 09:30 Spain 

Dec 13 10:10 Italy  

Dec 13 10:30 UK 

Dec 13 16:00 US 

Dec 13 18:00 US 

Dec 14 11:00 Belgium 

Dec 14 15:30 UK