By FXEmpire.com
Analysis and Recommendation:
The USD/JPY is trading at 79.53 within the tight range that the pair has been in for weeks. The release of the FOMC minutes offered little in guidance.
The main event will be the Bank of Japan, which is expected to remain on hold and might add to its asset purchase program. Analysts note that improving economic data in recent weeks indicate that the recovery in Japan has taken hold. Notably, consumer and business sentiment are on the mend and private consumption has gained momentum. However, the Bank of Japan (BoJ) still considers the yen overvalued, and the risk of deflation remains prevalent (the annual inflation rate dropped to 0.2% y/y from 0.4% in May, while the core measure fell 0.1%).
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 July 13, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
||||
|
Jul. 12 |
AUD |
RBA Assist Gov Lowe Speaks |
|||||||
|
AUD |
MI Inflation Expectations |
3.3% |
2.3% |
||||||
|
KRW |
South Korean Rate Decision |
3.00% |
3.25% |
3.25% |
|||||
|
AUD |
Employment Change |
-27.0K |
0.3K |
27.9K |
|||||
|
AUD |
Unemployment Rate |
5.2% |
5.2% |
5.1% |
|||||
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Jul 13 |
12:30 |
USD |
-1.0% |
|
|
13:55 |
USD |
73.2 |
Click here for further USD/JPY Forecast.
Originally posted here
