By FXEmpire.com
Analysis and Recommendation:
The USD/JPY is still locked in the lower 78 price range trading at 78.44.
The JPY continues to remain strong against the USD even as risk aversion dissipates from the market place. The yen is kept its strength even with a slew of weak data domestically and from China.
Last week, China released its data for the month of July ranging from retail sales to trade growth, all had disappointing and under forecast data. Markets are hoping for monetary stimulus from the PBoC.
On the back of the Bank of Japan meetings last week where the BoJ held rates and policy came a well under forecast GDP report showing that Japan was almost at a standstill. This brougth back to life the thought of stimulus from the BoJ, although this morning the minutes from the meeting were released and met with disappointment by the markets.
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 14, 2012 actual v. forecast
|
Aug. 14 |
GBP |
RICS House Price Balance |
-24% |
-23% |
-22% |
|
JPY |
Monetary Policy Meeting Minutes |
||||
|
JPY |
Tertiary Industry Activity Index (MoM) |
0.1% |
-0.3% |
0.9% |
|
|
AUD |
NAB Business Confidence |
4 |
-3 |
||
|
AUD |
New Motor Vehicle Sales (MoM) |
-0.8% |
-1.0% |
||
|
KRW |
South Korean Trade Balance |
2.80B |
2.70B |
||
|
EUR |
Estonian Unemployment Rate (YoY) |
10.20% |
11.50% |
||
|
EUR |
French CPI (MoM) |
-0.4% |
-0.2% |
0.0% |
|
|
EUR |
French GDP (QoQ) |
0.0% |
-0.1% |
0.0% |
|
|
EUR |
German GDP (QoQ) |
0.3% |
0.2% |
0.5% |
|
|
INR |
Indian WPI (YoY) |
7.37% |
7.25% |
||
|
EUR |
Finnish CPI (YoY) |
2.90% |
2.80% |
||
|
EUR |
German GDP (YoY) |
0.5% |
1.0% |
1.7% |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Forecast |
Previous |
|
Aug 15 |
0:30 |
AUD |
3.7% |
||
|
1:30 |
AUD |
0.9% |
0.9% |
||
|
12:30 |
USD |
0.2% |
0.2% |
||
|
12:30 |
USD |
6.7 |
7.4 |
||
|
13:00 |
USD |
63.5B |
55.0B |
||
|
13:15 |
USD |
79.3% |
78.9% |
||
|
13:15 |
USD |
0.5% |
0.4% |
||
|
14:30 |
USD |
-3.7M |
|||
|
Aug 16 |
1:00 |
AUD |
3.3% |
||
|
12:30 |
USD |
0.77M |
0.76M |
||
|
12:30 |
USD |
Unemployment Claims |
365K |
361K |
|
|
12:30 |
USD |
0.76M |
0.76M |
||
|
14:00 |
USD |
-4.3 |
-12.9 |
||
|
22:45 |
NZD |
0.3% |
|||
|
Aug 17 |
13:55 |
USD |
72.5 |
72.3 |
Government Bond Auctions
Date Time Country
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
