By FXEmpire.com
Analysis and Recommendation:
The USD/JPY is trading at 78.21 moving towards the top of the current range. The pair remains rangebound as markets moved into higher risk assets yesterday after ECB President Draghi, vowed to save the monetary union.
The euro soared and the USD weakened immediately.
As risk aversion lessened this pair remained in their range.
Japanese lawmakers continue to push the Bank of Japan to ease the burden on the economy by adding monetary stimulus to push down the value of the yen.
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 27, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Jul. 27 |
KRW |
South Korean Current Account |
3.68B |
5.00B |
3.13B |
|
JPY |
Tokyo Core CPI (YoY) |
-0.6% |
-0.7% |
-0.6% |
|
|
JPY |
National Core CPI (YoY) |
-0.2% |
0.0% |
-0.1% |
|
|
JPY |
Retail Sales (YoY) |
0.2% |
1.2% |
3.6% |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Jul 30 |
23:30 |
JPY |
Household Spending y/y |
4.0% |
|
Jul 31 |
1:00 |
NZD |
NBNZ Business Confidence |
12.6 |
|
1:30 |
AUD |
Building Approvals m/m |
27.3% |
|
|
1:30 |
AUD |
Private Sector Credit m/m |
0.5% |
|
|
1:30 |
JPY |
Average Cash Earnings y/y |
-1.1% |
|
|
12:30 |
USD |
Core PCE Price Index m/m |
0.1% |
|
|
12:30 |
USD |
Employment Cost Index q/q |
0.4% |
|
|
12:30 |
USD |
Personal Spending m/m |
0.0% |
|
|
13:00 |
USD |
S&P/CS Composite-20 HPI y/y |
-1.9% |
|
|
13:45 |
USD |
Chicago PMI |
52.9 |
|
|
14:00 |
USD |
CB Consumer Confidence |
62.0 |
|
|
Aug 1 |
1:30 |
AUD |
HPI q/q |
-1.1% |
|
12:15 |
USD |
ADP Non-Farm Employment Change |
176K |
|
|
14:00 |
USD |
ISM Manufacturing PMI |
49.7 |
|
|
18:15 |
USD |
FOMC Statement |
||
|
Aug 2 |
1:30 |
AUD |
Retail Sales m/m |
0.5% |
|
1:30 |
AUD |
Trade Balance |
-0.29B |
|
|
12:30 |
USD |
Unemployment Claims |
||
|
14:00 |
USD |
Factory Orders m/m |
0.7% |
|
|
23:30 |
AUD |
AIG Services Index |
48.8 |
|
|
Aug 3 |
12:30 |
USD |
Non-Farm Employment Change |
80K |
|
12:30 |
USD |
Unemployment Rate |
8.2% |
|
|
12:30 |
USD |
Average Hourly Earnings m/m |
0.3% |
|
|
14:00 |
USD |
ISM Non-Manufacturing PMI |
52.1 |
Government Bond Auctions
Date Time Country
Jul 30 09:10 Italy
Jul 30 10:00 Belgium
Jul 31 00:30 Japan
Jul 31 09:30 Belgium
Aug 01 09:30 Germany
Aug 01 10:00 Norway
Click here for updated USD/JPY News.
Originally posted here
