By FXEmpire.com
Analysis and Recommendation:
The USD/JPY dipped slightly in early Asian trading, the pair had held over the weekend at 80.44 and are now trading at 80.33. There has been no eco data on either side of the globe since Friday or very little in the news that would affect this pair. The dollar index remains strong, but Asian equities have dipped in the Asian session. Markets continue to worry about the global slowdown stretching from China to the US. This is a unusual month with the month ending on a weekend, in a short month. This will combine the end of the month data with the 3rd week of the month data, which means that there will be a great deal of eco numbers released in Japan, as they release all of their reports the end of the month.
Though the main focus this week will be the EcoFin EU Summit and the formal request by Spain for financial assistance. Italy might also move into the center ring this week, with Greece and Spain pushed to the sidelines, it is Italy’s turn with Monti announcing that Italy has no need for a bailout. Following the standard protocol as we learned from Greece and Spain, denial, concession ending with acceptance.
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.
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Jun 26 |
13:00 |
USD |
-2.6% |
|
|
14:00 |
USD |
64.9 |
||
|
22:45 |
NZD |
355M |
||
|
Jun 27 |
12:30 |
USD |
0.2% |
|
|
14:00 |
USD |
-5.5% |
||
|
14:30 |
USD |
|||
|
23:50 |
JPY |
5.8% |
||
|
1:00 |
NZD |
27.1 |
Click here for further USD/JPY Forecast.
Originally posted here
