Economic Events: (GMT)

There are no major economic events scheduled for New Zealand, Australia or the USA on Monday. Note the schedule below is GMT time.

23:50 JPY GDP (QoQ)

 Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health.

 23:50 JPY GDP Price Index (YoY)

The Gross Domestic Product (GDP) Price Index measures the change in the price of all goods and services included in GDP. It is the broadest measure of inflation and is the primary indicator the Bank of Japan uses to gauge inflation.

A higher than expected reading should be taken as positive/bullish for the JPY, while a lower than expected reading should be taken as negative/bearish for the JPY.

23:50 JPY Tertiary Industry Activity Index (MoM)

The Tertiary Industry Index measures the change in the total value of services purchased by businesses. It is a leading indicator of economic health.

A higher than expected reading should be taken as positive/bullish for the JPY, while a lower than expected reading should be taken as negative/bearish for the JPY.

 

USD/JPY

USD/JPY Fundamental Analysis February , 2012, Forecast

Analysis and Recommendation: ( close of Asian session )

USD/JPY was trading 77.64 basically unchanged from the opening at 77.67. It was an uneventful night for currencies. Investors are taking a breather after the announcements from Greece.

There is little due in the way of economic data until the US markets open. The pair should stay in this tight range unless something unforeseen occurs with the US reports. Early Monday there are several significant reports in that will affect the JPY, watch the data closely.

Economic Data Thursday Feb 9, 2012 ( actual v forecast )

 
AUD
NAB Quarterly Business Confidence
1.00
 
 
 
-3.00
 
 

 
KRW
South Korean Interest Rate Decision
3.25%
 
3.25%
 
3.25%
 
 

 
CNY
Chinese CPI (YoY)
4.5%
 
4.0%
 
4.1%
 
 

 
CNY
Chinese PPI (YoY)
0.7%
 
0.8%
 
1.7%
 
 

 
GBP
Industrial Production (MoM)
0.5%
 
0.2%
 
-0.5%
 
 

 
GBP
Manufacturing Production (MoM)
1.0%
 
0.3%
 
-0.1%
 
 

 
GBP
Trade Balance
-7.1B
 
-8.4B
 
-8.9B
 
 

 
GBP
Interest Rate Decision
0.50%
 
0.50%
 
0.50%
 
 

 
EUR
Interest Rate Decision
1.00%
 
1.00%
 
1.00%
 
 

 
USD
Initial Jobless Claims
358K
 
370K
 
373K
 
 

 
EUR
ECB Press Conference
 
 
 
 
 
 
 

 
USD
Continuing Jobless Claims
3515K
 
3525K
 
3451K
 
 

 
MXN
Mexican CPI (YoY)
4.0%
 
4.0%
 
3.8%
 
 

 
GBP
NIESR GDP Estimate
-0.2%
 
 
 
-0.2%
 
 

Sovereign Bond Auction Schedule Feb 13-17

Feb 13 10:10 Italy BOT auction

Feb 13 10:10 Norway T-bill auction

Feb 13 10:30 Germany Eur 4.0bn Aug 2012 Bubill

Feb 13 12:00 Norway Details bond auction on Feb 20

Feb 14 09:30 Netherlands Eur 3.0bn-4.0bn Jan 2017 DSL

Feb 14 09:30 Spain 12 & 18M T-bill auction

Feb 14 10:10 Greece 3M T-bill auction

Feb 14 10:10 Italy BTP/CCTeu auction

Feb 14 10:30 Belgium Auctions 3 & 12M T-bills

Feb 15 10:10 Sweden Auctions T-bills

Feb 15 10:30 Portugal Eur 1.5-1.75bn May & Aug T-bills

Feb 16 09:30 Spain Obligacion auction

Feb 16 10.30 UK Auctions 4.5% 2034 conventional Gilt

Feb 16 10:50 France BTA/OATi auction

Feb 16 16:00 US

Announces auctions of 2Y Notes on Feb 21, 5Y Notes on Feb

22 & 7Y Notes on Feb 23

Feb 16 18:00 US Auctions 30Y TIPS

USD/JPY Pivot Points (Time Frame: 1 Day)

 Name  S3  S2  S1  Pivot  R1  R2  R3

 Classic
76.6187
76.8603
77.2777
77.5193
77.9367
78.1783
78.5957

 Fibonacci
76.8603
77.1121
77.2676
77.5193
77.7711
77.9266
78.1783

 Camarilla
77.5138
77.5742
77.6346
77.5193
77.7554
77.8158
77.8762

 Woodie's
-
76.9043
77.3655
77.5632
78.0245
78.2223
-

 DeMark's
-
-
78.0575
77.5798
77.3985
-
-