EUR/JPY Fundamental Analysis July 16, 2012, Forecast

By FXEmpire.com

Analysis and Recommendations:

The EUR/JPY traded up this morning, even with the weakened euro. Japanese Industrial Production was reported at below estimates. Analysts had projected a decline of 3.1% but print was a decline of 3.4% weakening the JPY.

The Bank of Japan at their monthly meeting held on to expectations, keeping rates and policy on hold, but disappointing the markets, as the Japanese eco data has been fairly negative.

The euro continues to weaken against its other trading partners, on risk aversion moves as bond rates in Spain and Italy soar.

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

Economic Data July 13, 2012 actual v. forecast

Date	Time	Currency	Importance	Event	Actual	Forecast	Previous
Jul. 13	03:00	CNY	Chinese Fixed Asset Investment (YoY)	20.4%	20.1%	20.1%
03:00	CNY	Chinese GDP (YoY)	7.6%	7.6%	8.1%
03:00	CNY	Chinese Industrial Production (YoY)	9.5%	9.8%	9.6%
03:00	CNY	Chinese Retail Sales (YoY)	13.7%	13.5%	13.8%
05:30	JPY	Industrial Production (MoM)	-3.4%	-3.1%	0.5%

Upcoming Economic Events that affect the AUD, NZD, JPY and USD

Date	Time	Currency	Event	Previous
Jul 16	12:30	USD	Retail Sales m/m	-0.2%
	12:30	USD	Empire State Manufacturing Index	2.3
	14:00	USD	Business Inventories m/m	0.4%
	22:45	NZD	CPI q/q	0.5%
Jul 17	1:30	AUD	New Motor Vehicle Sales m/m	2.4%
	9:15	ALL	G7 Meetings
	12:30	USD	CPI m/m	-0.3%
	13:00	USD	TIC Long-Term Purchases	25.6B
	13:15	USD	Capacity Utilization Rate	79.0%
	13:15	USD	Industrial Production m/m	-0.1%
Jul 18	0:30	AUD	MI Leading Index m/m	0.5%
	12:30	USD	Building Permits	0.78M
	12:30	USD	Housing Starts	0.71M
	14:30	USD	Crude Oil Inventories	-4.7M
Jul 19	1:30	AUD	NAB Quarterly Business Confidence	-1
	12:30	USD	Unemployment Claims
	14:00	USD	Existing Home Sales	4.55M
	14:00	USD	Philly Fed Manufacturing Index	-16.6
Jul 20	1:30	AUD	Import Prices q/q	-1.2%

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Originally posted here