By FXEmpire.com
Analysis and Recommendation:
The USD/JPY is trading at 78.16 as markets try to overcome the news over the weekend that the Troika has cut off funding to Greece. The euro has plummeted against the USD trading at 1.2113. The JPY remains the safe harbor of choice as investors run from the euro. Spanish borrowing costs soared on Friday. This morning, Japan finance minister again threatens intervention as yen hits fresh highs. The minister says the yen’s rise is having an impact on Japan exporters. The prime minister and central bank governor hold a closed-door meeting as the BOJ governor renews his pledge to continue strong easing
Asian equities have also fallen this morning on this news.
The USD has picked up momentum against all of its partners except the JPY.
Today, there is little in the way of eco data on either side of the Pacific, so news flow with control 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 July 23, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Jul. 23 |
TWD |
Taiwanese Unemployment Rate |
4.24% |
4.30% |
4.25% |
|
AUD |
PPI (QoQ) |
0.5% |
0.3% |
-0.3% |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Jul 24 |
13:00 |
USD |
Flash Manufacturing PMI |
52.5 |
|
22:45 |
NZD |
Trade Balance |
301M |
|
|
23:50 |
JPY |
Trade Balance |
-0.66T |
|
|
Jul 25 |
0:00 |
AUD |
CB Leading Index m/m |
-1.4% |
|
1:30 |
AUD |
CPI q/q |
0.1% |
|
|
1:30 |
AUD |
Trimmed Mean CPI q/q |
0.3% |
|
|
14:00 |
USD |
New Home Sales |
369K |
|
|
14:30 |
USD |
Crude Oil Inventories |
||
|
21:00 |
NZD |
Official Cash Rate |
2.50% |
|
|
21:00 |
NZD |
RBNZ Rate Statement |
||
|
Jul 26 |
0:10 |
JPY |
BOJ Gov Shirakawa Speaks |
|
|
12:30 |
USD |
Core Durable Goods Orders m/m |
0.7% |
|
|
12:30 |
USD |
Unemployment Claims |
||
|
14:00 |
USD |
Pending Home Sales m/m |
5.9% |
|
|
23:30 |
JPY |
Tokyo Core CPI y/y |
-0.6% |
|
|
23:50 |
JPY |
Retail Sales y/y |
3.6% |
|
|
Jul 27 |
12:30 |
USD |
Advance GDP q/q |
1.9% |
|
13:55 |
USD |
Revised UoM Consumer Sentiment |
72.0 |
Click here for updated USD/JPY News.
Originally posted here
