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USD/JPY Forecast Dec. 28, 2011, Fundamental Analysis

Under forex posted 2310 days ago.

By FX Empire.com

The USD/JPY pair was biased to the downside with the beginning of the week, where the dollar kept its previous losses against most of its major counterparts which helped the yen to record more gains.

The Japanese yen was little changed against other majors before the end of the year, where the BOJ didn’t change its policy at its last meeting, which kept concerns of further intervention from the BOJ with the beginning of 2012.

On Wednesday at 23:30 GMT (Tuesday), Japan will release the Jobless Rate for November, where it’s expected to hold at 4.5%.

The yearly National CPI for November is expected to drop to 0.4% from the previous –0.2%, wile the National CPI excluding fresh food is expected to drop by 0.2% compare to the prior reading of –0.1%.

At 23:50 GMT, the Japanese Retail Trade for November will be published, where the previous reading was up by 1.4% and it’s expected to drop to –0.5%, on the other hand, the annual reading is expected to come at 0.0% from the prior 1.9%.

The Industrial Production for November will be due at the same time, where it’s expected to come at –0.8% from the previous of 2.2%, while the annual reading is expected to come at –2.0% from the prior reading of 0.1%.

Originally posted here


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