Economic Events: (GMT)

There are no major economic events, reports or data expected in Asia on Thursday

13:30     USD      Initial Jobless Claims                                    388K                      367K                     

 13:30    USD      Continuing Jobless Claims                          3525K                    3437K     

Initial and Continuing Jobless claims measures the number of individuals who filed for unemployment insurance for the first time or renewed during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week.

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

USD/JPY
USD/JPY Fundamental Analysis February 9, 2012, Forecast

USD/JPY Fundamental Analysis February 9, 2012, Forecast

Analysis and Recommendation: ( close of Asian session )

USD/JPY was trading at 77.14 with the dollar up 0.25% against the yen.

As was expected the US dollar rebounded against most of the world's major currencies on Wednesday, reversing earlier losses when the euro firmed on word that Greece and its lenders were finalizing details needed for Athens to access bailout funds. Investors over reacted to news in the Financial Times stating that the Prime Minister was putting the final touches on a finished deal. Later in the evening it was announced that the meetings were delayed until Wednesday, signaling additional problems.

Prior Economic Report Results

 AUD

Interest Rate Decision 

4.25%

4.00% 

4.25% 

 
 

AUD

Westpac Consumer Sentiment 

 

 

2.40% 

 
 
 

 USD

 10-Year Note Auction 

 

1.900% 

 
 

NZD

Employment Cha (QoQ) 

0.4% 

 

0.2% 

 

NZD

Unemployment Rate 

6.5% 

 

6.6% 

 

 

Scheduled Sovereign Bond Sales

Feb 09  10:10  Sweden  Sek 0.75bn I/L bond auction

Feb 09  15:30  Sweden  Details I/L bond auction on Mar 23

Feb 09  16:00  US  Announces auctions of 30Y TIPS on Feb 16

Feb 09  16:30  Italy   Details BTP/CCTeu auction on Feb 14

Feb 09  18:00  Italy   Auctions 30Y Bonds

Feb 10  11:00  Belgium  OLO auction

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

Name S3 S2 S1 Pivot R1 R2 R3

Classic
76.2240
76.4280
76.7550
76.9590
77.2860
77.4900
77.8170

Fibonacci
76.4280
76.6308
76.7562
76.9590
77.1618
77.2872
77.4900

Camarilla
76.9360
76.9847
77.0333
76.9590
77.1307
77.1793
77.2280

Woodie's
-
76.4587
76.8165
76.9898
77.3475
77.5208
-

DeMark's
-
-
77.3880
77.0100
76.8570
-
-