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USD/JPY Fundamental Analysis October 14, 2014 Forecast

By:
Barry Norman
Updated: Aug 25, 2015, 00:00 UTC

Analysis and Recommendation: The USD/JPY eased by 46 points as the dollar eased this morning. Japan is shuttered for a national holiday. The pair is

USD/JPY Fundamental Analysis October 14, 2014 Forecast

USD/JPY Fundamental Analysis October 14, 2014 Forecast
USD/JPY Fundamental Analysis October 14, 2014 Forecast
Analysis and Recommendation:

The USD/JPY eased by 46 points as the dollar eased this morning. Japan is shuttered for a national holiday. The pair is trading at 107.18.  Japanese investor flows add to the case. “Japanese investors are looking abroad,” he says. “At a retail level, Japan has a soft spot for Australia. I get this from investors all the time: Japanese investors like the idea of investing in Australia. It’s traditionally seen as a high-yield market, it’s seen as safe, they come here on holidays and they know it. It’s a brand.”

Traders should keep an eye on speeches from other central bank speakers this week, including Fed Chair Janet Yellen who is scheduled to speak at the Fed Bank of Boston Economic Conference on Friday. First off the mark though, Chicago Fed chief Charles Evans speaks in Indianapolis today.

On Thursday, four regional policy makers will be giving speeches at different venues: Philadelphia Fed boss Charles Plosser, Kansas City Fed President Esther George, St Louis Fed chief James Bullard and Minneapolis Fed President Narayana Kocherlakota.

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 actual vs. forecast:

 

Cur.

 

Event

Actual

Forecast

Previous

 

 

Holiday

Japan – Health-Sports Day

 

 

Holiday

Canada – Thanksgiving Day

 

  CNY

 

Exports (YoY) (Sep)

15.3%

11.8%

9.4%

 

 

  CNY

 

Imports (YoY) (Sep)

7.0%

-2.7%

-2.4%

 

 

  CNY

 

Trade Balance (Sep)

31.00B

41.00B

49.83B

 

 

USDJPY(60 minutes)20141013070629

Upcoming Economic Events that you should be monitoring:

 

Cur.

Event

Actual

Forecast

Previous

 

  AUD

RBA Asst Gov. Debelle

 

 

 

 

 

  CNY

New Loans

 

750B

703B

 

 

  EUR

French CPI

 

-0.3%

0.4%

 

 

  EUR

French HICP

 

-0.3%

0.5%

 

 

  EUR

Spanish CPI

 

0.2%

0.2%

 

 

  GBP

CPI (MoM) (Sep)

 

0.2%

0.4%

 

 

  GBP

CPI (YoY) (Sep)

 

1.4%

1.5%

 

 

  GBP

PPI Input (MoM) (Sep)

 

-0.4%

-0.6%

 

 

  EUR

Italian CPI (MoM) (Sep)

 

-0.3%

-0.3%

 

 

  EUR

Industrial Production

 

-1.6%

1.0%

 

Government Bond Auction

Date Time Country Auction

Oct 14 08:30 Spain 6 & 12M T-bill auction

Oct 14 09:30 Belgium 3 & 12M T-bill auction (Jan & Oct 2015)

Oct 15 09:03 Sweden Bond auction

Oct 15 09:30 Germany Eur 4.0bn Sep 2016 Schatz auction

Oct 16 08:30 Spain Bono/Obligacion auction

Oct 16 09:30 UK Auctions 0.125% 2024 I/L Gilt

Oct 16 15:00 US Announces details of 30Y TIPS auction on Oct 23

 

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