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EUR/JPY Monthly Fundamental Forecast For June 2015

Outlook and Recommendation for EUR/JPY In June 2015

The EUR/JPY moved in unison to the pressures and strengths of the euro most of the month. Closing May at 136.50 levels. Traders can expect the BoJ to expand its asset purchases further this summer, but more important in the future will be the degree of reforms aimed at boosting the labour supply and productivity growth, known as the “third arrow” of Prime Minister Shinzo Abe’s Abenomics strategy. The oil price decline, the weaker euro and ECB stimulus policies have strengthened the euro zone economy since late 2014. Improved competitiveness is benefiting exports, and rising employment − along with better purchasing power − has spurred stronger retail sales. The recovery is now proceeding unexpectedly fast and is spreading to more sectors.

Big crisis-driven austerity is now past, and euro zone fiscal policy will be neutral in the next couple of years. Economic growth remains fragile, however, with underlying problems such as high debt levels and political uncertainty. Greece in particular is once again a source of great concern.

The Bank of Japan’s stimulus program has benefited growth and caused the yen to fall. These currency movements and cheaper oil are now helping to boost growth in developed market (DM) countries, while economic expansion in the emerging market (EM) sphere will accelerate only in 2016.

ForexTraq provides in-depth analysis for each currency and commodity we review in trading forex. 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 for EUR/JPY in our  weekly reports and we provide daily updates and outlooks

EURJPY(4 Hours)20150601062704

Upcoming Economic Events that you should be monitoring for EUR/JPY in trading forex:

Cur. Event

Actual

Forecast

Previous

 

Monday, June 1, 2015

    CNY Manufacturing PMI

50.2

50.2

50.1

    CNY HSBC Manufacturing

49.2

49.2

49.1

    USD ISM Manufacturing PMI

 

52.0

51.5

Tuesday, June 2, 2015

    AUD RBA Rate Statement

 

    EUR German Unemployment

 

-10K

-8K

    GBP Construction PMI (May)

 

55.0

54.2

    EUR CPI (YoY) (May)

 

0.2%

0.0%

Wednesday, June 3, 2015

    AUD GDP (YoY) (Q1)

 

2.0%

2.5%

    GBP Services PMI (May)

 

59.2

59.5

    USD ADP Nonfarm

 

200K

169K

    EUR ECB Press Conference

 

    USD ISM Non-Manufacturing

 

57.0

57.8

Thursday, June 4, 2015

    AUD Retail Sales (MoM) (Apr)

 

0.4%

0.3%

    GBP Interest Rate Decision

 

0.50%

0.50%

Friday, June 5, 2015

    USD Nonfarm Payrolls (May)

 

225K

223K

    USD Unemployment Rate

 

5.4%

5.4%

Monday, June 8, 2015

    CNY Trade Balance (May)

 

34.13B

Tuesday, June 9, 2015

  CNY CPI (YoY) (May)

 

1.5%

Wednesday, June 10, 2015

  GBP Man Production

 

0.4%

  NZD Interest Rate Decision

 

3.50%

3.50%

Thursday, June 11, 2015

  AUD Employment Change

 

-2.9K

    CNY Industrial Production

 

5.9%

    USD Retail Sales (MoM)

 

0.8%

Friday, June 12, 2015

    USD PPI (MoM) (May)

 

0.3%

-0.4%

Monday, June 15, 2015

Tuesday, June 16, 2015

    GBP CPI (YoY) (May)

 

-0.1%

    EUR German ZEW Economic

 

41.9

Wednesday, June 17, 2015

    GBP Claimant Count Change

 

-12.6K

  EUR CPI (YoY) (May)

 

  NZD GDP (QoQ) (Q1)

 

0.8%

Friday, June 19, 2015

    CAD Core Retail Sales (MoM)

 

0.5%

Monday, June 22, 2015

    China – Dragon Boat Festival

 

EUR/JPY analysis forecast archieve

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