Advertisement
Advertisement

USD/JPY Weekly Fundamental Analysis, October 13-17, 2014 Forecast

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

Weekly Analysis and Recommendation: The USD/JPY fell 18 points to trade at 107.65 after comments from the Bank of Japan helped support the currency. The

USD/JPY Weekly Fundamental Analysis, October 13-17, 2014 Forecast

In this article:

USD/JPY Weekly Fundamental Analysis, 2014, Forecast
USD/JPY Weekly Fundamental Analysis, 2014, Forecast
Weekly Analysis and Recommendation:

The USD/JPY fell 18 points to trade at 107.65 after comments from the Bank of Japan helped support the currency. The pair gained momentum as the US dollar recovered losses.  Japan’s currency gained versus most of its 31 major counterparts this week, buoyed by risk-averse investors as stocks and commodity prices tumble. The dollar fell 0.2 percent to 107.66 yen, boosting a weekly decline of 1.9 percent, the first since the period ended Aug. 8.

A strong yen is probably in the country’s national interest, Eisuke Sakakibara, a former policy maker and now professor at Aoyama Gakuin University, said in an interview with Reuters today. The yen fell the most since January 2013 against the dollar last month.

A deputy managing director at the International Monetary Fund, said the Bank of Japan needs to manage expectations on a 2 percent inflation target that looks out of reach. Flexibility on achieving the target during the fiscal year starting April 2015 would be supportive for the yen because it would quell speculation that the bank will boost stimulus to meet the goal.

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 recent analysis and information in our weekly reports and we provide daily updates and outlooks.

Historical: From 2011 to present

Highest: 110.11 on September, 2014

Average: 83.18 over this period

Lowest: 75.58 on Oct 31, 2011

 

USDJPY(60 minutes)20141011102126

Upcoming Major Economic Events for the week of Oct 13-17, 2014

 

Time

Cur.

Imp.

Event

Actual

Forecast

Previous

Monday, October 13

 

 

Holiday

Japan – Health-Sports Day

 

 

Holiday

Canada – Thanksgiving Day

 

  CNY

 

Trade Balance (Sep)

 

41.00B

49.83B

 

Tuesday, October 14

 

  GBP

 

CPI (YoY) (Sep)

 

1.4%

1.5%

 

Wednesday, October 15

 

  CNY

 

CPI (YoY) (Sep)

 

1.7%

2.0%

 

 

  GBP

 

Average Earnings Index +Bonus (Aug)

 

0.7%

0.6%

 

 

  GBP

 

Claimant Count Change (Sep)

 

-35.0K

-37.2K

 

 

  USD

 

Core Retail Sales (MoM) (Sep)

 

0.3%

0.3%

 

 

  USD

 

PPI (MoM) (Sep)

 

0.1%

 

 

 

  USD

 

Retail Sales (MoM) (Sep)

 

-0.1%

0.6%

 

Thursday, October 16

 

  EUR

 

CPI (YoY) (Sep)

 

0.3%

0.3%

 

 

  USD

 

Philadelphia Fed Manufacturing Index (Oct)

 

19.9

22.5

 

Friday, October 17

 

  USD

 

Building Permits (Sep)

 

1.030M

1.003M

 

 

  CAD

 

Core CPI (MoM) (Sep)

 

 

0.5%

 

 

 

 

 

About the Author

Did you find this article useful?

Advertisement