By FXEmpire.com
Analysis and Recommendation:
The USD/JPY is trading at 78.31 towards the end of the Asian session Monday morning. Negative economic data continues to weigh heavily on the currency. After two weeks of poor eco data, this morning Japan released their year over year and quarterly GDP. The releases printed well below market forecast. The prior quarter fell from 1.3% to 0.2%, and expectations were 0.6%.
Traders focus over the past month has kept markets trading in risk aversion mode and currencies were not as responsive toward eco data.
Although US numbers have been disappointing, the US economy is moving just more slowly then expected whereas Japan is moving towards recession.
If traders ever leave the hopes and dreams of monetary stimulus and this pair were to properly balance we will see the dollar gain. The pair should be trading over the 79 price level.
There is a good deal of eco data due this week in the US, if we see a positive retail sales number we should see the dollar strengthen.
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 August 13, 2012 actual v. forecast
|
Date |
Time |
Currency |
Importance |
Event |
Actual |
Forecast |
Previous |
|
Aug. 13 |
00:50 |
JPY |
GDP (QoQ) |
0.3% |
0.6% |
1.3% |
|
|
00:50 |
JPY |
GDP Price Index (YoY) |
-1.1% |
-0.8% |
-1.3% |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Aug 14 |
1:30 |
AUD |
-3 |
|
|
1:30 |
AUD |
-0.6% |
||
|
12:30 |
USD |
-0.4% |
||
|
12:30 |
USD |
0.1% |
||
|
12:30 |
USD |
-0.5% |
||
|
14:00 |
USD |
0.3% |
||
|
Aug 15 |
0:30 |
AUD |
3.7% |
|
|
1:30 |
AUD |
0.9% |
||
|
12:30 |
USD |
0.2% |
||
|
12:30 |
USD |
7.4 |
||
|
13:00 |
USD |
55.0B |
||
|
13:15 |
USD |
78.9% |
||
|
13:15 |
USD |
0.4% |
||
|
14:30 |
USD |
|||
|
Aug 16 |
1:00 |
AUD |
3.3% |
|
|
12:30 |
USD |
0.76M |
||
|
12:30 |
USD |
0.76M |
||
|
14:00 |
USD |
-12.9 |
||
|
22:45 |
NZD |
0.3% |
||
|
Aug 17 |
13:55 |
USD |
72.3 |
Government Bond Auctions
Date Time Country
Aug 14 09:10 Greece
Aug 14 09:10 Italy
Aug 14 09:30 Belgium
Aug 14 14:30 UK
Aug 15 09:10 Sweden
Aug 16 09:30 UK
Aug 16 15:00 US
Click here for updated USD/JPY News.
Originally posted here
