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EUR/JPY Analysis Forecast, June 05, 2015 – Forecast

eurjpy thursday bnsnlaAnalysis and Recommendations (EUR/JPY Forecast):

The EUR/JPY is flat at 140.09 touching its highest level in months as the euro continued its rebound.  Bank of Japan Governor Haruhiko Kuroda on Thursday urged policymakers to heed the global spillover effects of diverging monetary policies among Japan, the United States and the euro-zone – particularly on emerging economies.

He noted last year’s sharp oil price falls challenged central banks and raised the importance of more accurately measuring inflation expectations, a key channel for unconventional monetary policy to work.

“In emerging economies, monetary authorities have paid more attention to developments in foreign exchange rates and international capital flows” that are affected by the policy actions of major central banks, Kuroda said in a speech to a BOJ-hosted seminar on central banking.

Kuroda said advanced central banks faced policy challenges of their own as last year’s oil price slump slowed headline inflation and threatened to hurt public expectations that prices will rise in the future.

The BOJ expanded its massive stimulus last October to prevent the oil rout, and a subsequent slowdown in inflation, from delaying a sustained halt on deflation.

ForexTraq 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 recent analysis and information in our  weekly reports and we provide daily updates and outlooks.

Today’s economic releases actual vs. forecast:

Cur.

 

Event

Actual

Forecast

Previous

 

  JPY

 

BoJ Governor Kuroda Speaks  

 

 

 

 

 

  AUD

 

Retail Sales (MoM) (Apr)

0.0%

0.4%

0.2%

   

  AUD

 

Trade Balance (Apr)

-3.888B

-2.250B

-1.231B

   

 EURJPY(60 minutes)20150604042911

Upcoming Economic Events that you should be monitoring:

Friday, June 05, 2015

Cur.

 

Event

Actual

Forecast

Previous

 

  USD

 

Nonfarm Payrolls (May)

 

225K

223K

 

 

  USD

 

Unemployment Rate (May)

 

5.4%

5.4%

 

 

  CAD

 

Employment Change (May)

 

10.0K

-19.7K

   

Government Bond Auctions

Date Time Country

Jun 08 12:00 Norway Details bond auction on 10 Jun

Jun 08 17:30 Italy Announces details of BTP/CCTeu on 11 June

Jun 09 11:10 Austria Holds RAGB bond sale

Jun 09 11:30 UK Auctions 0.125% 2024 I/L Gilt

Jun 10 11:15 Norway Holds bond auction

Jun 10 11:30 Germany Eur 5bn Jun 2017 Schatz

Jun 10 16:30 Sweden Details bond auction on 17 June

Jun 11 11:30 Spain Auctions Bonos

Jun 11 11:10 Italy Auctions BTPs/CCTeus

Jun 11 11:10 Sweden Holds inflation-linked bond auction

Jun 11 11:30 UK Auctions 3.5% 2045 Conventional Gilt

Jun 11 17:00 US Announces details of 30-year TIPs sale on 18 Jun

 

EUR/JPY analysis forecast

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