By FXEmpire.com
Analysis and Recommendation:
The USD/JPY is trading at 78.37 on the back of the weakened USD. As risk aversion leaves the markets and speculators move to more risk assets, the USD is declining. Combined with the hopes of monetary easing from the Feds come September the greenback continues to fall.
In Japan this morning Core Machinery Orders declined surprising traders by the rate of decline, falling from a forecast of 10.9% to report at 5.6%. Also today, the Bank of Japan completed its two day meeting announcing no changes to policy or rates as expected.
Rumors that Prime Minister Noda’s coalition government may be called on for a No Confidence vote has politicians and markets worried.
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 9, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Aug. 09 |
JPY |
Core Machinery Orders (MoM) |
5.6% |
10.9% |
-14.8% |
|
AUD |
Employment Change |
14.0K |
10.0K |
-28.3K |
|
|
AUD |
Unemployment Rate |
5.2% |
5.3% |
5.3% |
|
|
CNY |
Chinese CPI (YoY) |
1.8% |
1.7% |
2.2% |
|
|
CNY |
Chinese PPI (YoY) |
-2.9% |
-2.5% |
-2.1% |
|
|
CNY |
Chinese CPI (MoM) |
0.1% |
-0.1% |
-0.6% |
|
|
JPY |
Interest Rate Decision |
0.10% |
0.10% |
0.10% |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Aug 10 |
1:30 |
AUD |
||
|
12:30 |
USD |
-2.7% |
||
|
18:00 |
USD |
-59.7B |
Government Bond Auctions
Date Time Country
Aug 10 10:00 Belgium
Aug 13 09:10 Italy
Aug 13 09:10 Norway
Aug 13 09:30 Germany
Aug 14 09:10 Greece
Aug 14 09:10 Italy
Aug 14 09:30 Belgium
Aug 14 14:30 UK
Click here for updated USD/JPY News.
Originally posted here
