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USD/JPY Fundamental Analysis November 19, 2012, Forecast
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Analysis and Recommendation: The USD/JPY is flat in Asian trading after seeing the USD climb above recent highs. The pair is holding at 81.11 as
The USD/JPY is flat in Asian trading after seeing the USD climb above recent highs. The pair is holding at 81.11 as uncertainty of the Japanese political leadership weighs on the JPY. Prime Minister Noda has agreed to dissolve the lower house of Parliament today and call for new elections on December 16th. The Bank of Japan continues to aggressively add monetary stimulus to the economy in hopes of jump starting a recovery and lowering the strength of the yen, which is hurting the country’s export and manufacturing business.
The opposition party is against monetary easing and would reign in the BoJ if given power, and there is a likelihood that the they could win the elections.
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 November 15, 2012 actual v. forecast
There are no Asian-Pacific releases scheduled for November 16, 2012
|
Date |
|
Currency |
|
|
Event |
Actual |
Forecast |
Previous |
|
|
||
|
Nov. 15 |
|
EUR |
|
|
French GDP (QoQ) |
0.2% |
0.0% |
-0.1% |
||||
|
|
|
EUR |
|
|
German GDP (QoQ) |
0.2% |
0.2% |
0.3% |
|
|||
|
|
|
EUR |
|
|
German GDP (YoY) |
0.4% |
0.8% |
0.5% |
|
|||
|
|
|
EUR |
|
|
ECB Monthly Report |
|
||||||
|
|
|
GBP |
|
|
Retail Sales (MoM) |
-0.8% |
-0.1% |
0.5% |
||||
|
|
|
GBP |
|
|
Retail Sales (YoY) |
0.6% |
1.7% |
2.4% |
||||
|
|
|
EUR |
|
|
CPI (YoY) |
2.5% |
2.5% |
2.5% |
|
|||
|
|
|
EUR |
|
|
GDP (QoQ) |
-0.1% |
-0.2% |
-0.2% |
|
|||
|
|
|
EUR |
|
|
Core CPI (YoY) |
1.5% |
1.5% |
1.5% |
|
|||
|
|
|
USD |
|
|
Core CPI (MoM) |
0.2% |
0.1% |
0.1% |
|
|||
|
|
|
USD |
|
|
CPI (MoM) |
0.1% |
0.1% |
0.6% |
|
|||
|
|
|
CAD |
|
|
Manufacturing Sales (MoM) |
0.40% |
0.30% |
0.90% |
||||
|
|
|
USD |
|
|
Initial Jobless Claims |
439K |
375K |
361K |
||||
|
|
|
USD |
|
|
NY Empire State Manufacturing Index |
-5.2 |
-6.7 |
-6.2 |
|
|||
|
|
|
USD |
|
|
Continuing Jobless Claims |
3334K |
3210K |
3163K |
||||
|
|
|
USD |
|
|
CPI (YoY) |
2.2% |
2.1% |
2.0% |
|
|||
|
|
|
USD |
|
|
Core CPI (YoY) |
2.0% |
2.0% |
2.0% |
|
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Forecast |
Previous |
|
Nov. 19 |
15:00 |
USD |
4.76M |
4.75M |
Government Bond Auction
Date Time Country
Nov 19 10:10 Norway
Nov 20 09:30 Spain
Nov 20 10:10 Greece
Nov 20 10:30 UK
Nov 21 10:30 Germany
Nov 21 15:10 Sweden
Nov 21 16:00 US
Nov 21 18:00 US
Nov 22 09:30 Spain
Nov 22 10:10 Sweden
Nov 23 16:30 Italy
About the Author
Barry Normanauthor
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