USD/JPY Fundamental Analysis December 13, 2012 Forecast

Analysis and Recommendation:

The USD/JPY continues to move upward to trade at 82.62 as the US dollar weakens against most of its partners against the yen, the greenback is gathering momentum. This morning Japanese machinery orders missed expectations but came in above last month’s dismal report. As politics remain the main focus with elections on December 16^th, the winner looks to be Shinzo Abe, whose economic platform could turn Japanese economy upside down. The BoJ continues to inject additional stimulus. The market focus today will be the FOMC decision and statement today.

Abe, who would likely become next prime minister if the LDP wins the Dec. 16 general election, quit abruptly five years ago amid a series of scandals involving his Cabinet ministers, a plummeting support rate and health reasons. With the possible exception of Yoshihiko Noda, every prime minister since has departed about a year after taking office. Abe conceded in his article that most of his close allies opposed his decision to run in the LDP presidential race in September.

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 12, 2012 actual v. forecast

 

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

Government Bond Auction

Date Time Country 

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