USD/JPY Fundamental Analysis – November 27, 2015 -Forecast

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Published: Nov 26, 2015, 04:06 UTC

Analysis and Recommendation: The USD/JPY dipped 12 points on the US holiday, as the greenback holds tight at 99.83. Traders moved into the safe haven yen

Analysis and Recommendation:

The USD/JPY dipped 12 points on the US holiday, as the greenback holds tight at 99.83. Traders moved into the safe haven yen on the holiday. The U.S. dollar traded in the upper 122 yen rage early Thursday in Tokyo, little changed from overnight in New York. The dollar index .DXY, which tracks the greenback against a basket of six rivals, touched an eight-month high of 100.170 overnight after a good deal of U.S. economic data reinforced views that the Federal Reserve will raise interest rates next month for the first time in nearly a decade. Better-than-forecast durable goods data and jobless claims offset somewhat weaker-than-expected readings on consumer inflation and sentiment, and gave investors no reason to believe the U.S. central bank would not raise rates.

The Japanese government has decided to compile a supplement budget slightly larger than ¥3 trillion for fiscal 2015 through next March, sources said Wednesday. The extra budget will be designed to fund measures to help domestic farmers cope with a Trans-Pacific Partnership free trade.

The dollar softened to around 122. 30 in Tokyo trading this morning, weighed down by position-adjustment sales ahead of the U.S. market’s closure on Thursday for Thanksgiving Day.

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.

Today’s economic releases:

Cur.	Event	Actual	Forecast	Previous
	United States – Thanksgiving Day
NZD	Trade Balance (MoM) (Oct)	-963M	-937M	-1,222M
NZD	Trade Balance (YoY) (Oct)	-3,240M	-3,370M	-3,200M
AUD	Private New Capital Expenditure	-9.2%	-3.0%	-4.4%
EUR	GfK German Consumer Climate		9.2	9.4

Upcoming Economic Events that you should be monitoring:

Friday, November 27, 2015

Cur.	Event	Actual	Forecast	Previous
	United States – Day following Thanksgiving – Early close at 13:30
JPY	Household Spending (MoM) (Oct)		1.1%	-1.3%
JPY	Household Spending (YoY) (Oct)		0.1%	-0.4%
JPY	Jobs/applications ratio (Oct)		1.24	1.24
JPY	National Core CPI (YoY) (Oct)		-0.1%	-0.1%
JPY	Tokyo Core CPI (YoY) (Nov)		-0.1%	-0.2%
GBP	Nationwide HPI (MoM) (Nov)		0.5%	0.6%
GBP	Nationwide HPI (YoY) (Nov)		4.2%	3.9%
GBP	Business Investment (QoQ) (Q3)		1.5%	1.6%
GBP	GDP (YoY) (Q3)		2.3%	2.3%
GBP	GDP (QoQ) (Q3)		0.5%	0.5%