USD/JPY Fundamental Analysis December 6, 2012, Forecast

Analysis and Recommendation:

The USD/JPY climbed 33pips this morning to trade at 82.24 as markets were seeking more risk with stronger positive sentiment, traders changed their portfolios. This lessened the demand on the JPY as safe haven traders moved elsewhere. Political uncertainty and monetary policy the center of the political discourse leaves traders worried about the December 16th outcome. At the same time eco data show that the Japanese economy is headed to recession.

Across the Pacific, traders listen and watch the political rhetoric from US lawmakers, who are enjoying the spotlight and using it to push their agendas and set up future political and electioneering denials and promises. Traders are sure that a last minute deal will be made and are therefore showing little reaction to the political noise.

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 5, 2012 actual v. forecast

 

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

Government Bond Auction

Date Time Country 

Dec 06 01:30 Japan 

Dec 06 09:50 France 

Dec 06 16:00 US 

Dec 07 16:30 Italy