Euro-Japanese Yen (EUR/JPY)

The EUR/JPY fundamental outlook is updated weekly and is one of the base of the weekly analysis/forecast for EUR/JPY. This is mainly derived from the recent major economic releases and news. The EUR/JPY economic strength meter at the bottom shows the relative strengths or weakness of the currencies depending on the recent economic releases/news.

EUR/JPY - Recent economic releases

 

EMU (EUR): Labor Cost in Q3: 2.0% against Q2's 1.9%.
EMU (EUR): German IFO surveys: Business Climate 102.4 and positive as compared to the forecasts (102.0) as well as the previous 101.4. Current Assessment at 107.1 was less than the consensus of 108.0 and previous 108.1. IFO Expectation data was 97.9 and better as compared to the expectation (96.3) as well as the previous 95.2.
EMU (EUR): German Producer Price Index: Year on year change 1.4% was same as the consensus and slightly less than the previous 1.5%. The month on month change was -0.1% and though better than the expected -0.2% but was less than the previous 0.0%.
EMU (EUR): Consumer Confidence (prelim): -26.60, positive as compared to the forecasts (-26.85) as well as the previous -26.90.
EMU (EUR):  European Systemic Risk Board Meeting: The summary shows a downside growth for risks but improvements in market sentiments and also in the indicators of systemic risk. Report can be seen at http://www.esrb.europa.eu/home/html/index.en.html
EMU (EUR): German Gfk Consumer Confidence: 5.6, negative as compared to the forecasts (5.9) as well as the previous 5.8.


Japan (JPY): Machine Tool Orders (YoY): -21.3% against the previous -6.7%.
Japan (JPY): Merchandise Trade Balance (Total): JPY -953.4B and though better than the expected JPY -1030B but quite less than the previous -551.1B Japanese Yen.
Japan (JPY): Exports (YoY): November data showed a change of -4.1% which was positive as compared to the forecasts (-5.4%) as well as the previous -6.5%.
Japan (JPY): Economic Indexes: All Industry Index (MoM) was 0.2% and though less than the consensus of 0.4% but quite better than the previous -0.3%. Leading Economic Index at 92.8 was also better than the previous 91.8. Coincident Index 90.7 was less than the previous 91.3.
Japan (JPY): Interest rate was kept same at 0.1%.

EUR/JPY Outlook : Economic Releases (Strength Meter)

 
 EUR/JPY fundamental analysis - Economic strength outlook - December 22, 2012
Immediate EUR/JPY outlook based on the recent economic releasesEUR/JPY outlook
 
 
EUR/JPY Interest Rate Comparison
(For Carry Trades)
Euro
0.75%
Japanese Yen
0.10%
EUR/JPY interest rate comparision
0.65%

 

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