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USD/JPY Analysis Forecast, May 18, 2015 – Forecast

Analysis and Recommendation (USD/JPY Forecast):

The USD/JPY gained 16 points after Thursday’s rout as the pair dipped below the 119 level to correct to 119.32 in the morning session.  Japanese stocks fell, with the Topix index headed for the first loss in five days, after the yen strengthened against the dollar as weak U.S. retail sales data added to signs the world’s biggest economy is slowing.

The Bank of Japan has been quiet of late as the lofty goals set forth by Abenomics seem further out of reach as the Japanese economy has failed to achieve sustained growth. Investors are unsure if the BOJ will move because in recent history the central bank has built a trend of patient comments and a shock decision taken the market by surprise. After being the most proactive central bank in 2013, the BOJ spent 2014 in the sidelines with the exception of the shock decision on October 31.

ForexTraq provides in-depth analysis for each currency and commodity we review in forex trading. 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 up to the data analysis and information for USD/JPY in our weekly reports.

usdjpy  chart

Today’s economic releases actual vs. forecast:

Cur. Event
  JPY BoJ Governor Kuroda Speaks

 

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

Monday, May 18, 2015

Cur. Event Actual Forecast Previous
  AUD RBA Assist Gov Lowe Speaks
  JPY Industrial Production (MoM) -0.3%
  JPY Tertiary Industry Activity Index 0.3%
  CHF Retail Sales (YoY) (Mar) -2.7%

Government Bond Auctions

Date Time Country

May 18 09:30 Germany Eur 1.5bn 12M (May 2016) Bubills

May 18 10:00 Belgium Auctions OLOs

May 20 09:03 Sweden Holds bond auction

May 21 08:30 Spain Auctions Bonos

May 21 09:03 Sweden Holds bond exchange auction

May 21 09:10 France Auctions BTANs

May 21 09:30 UK Auctions 4.75% 2030 Conventional Gilt

May 21 10:10 France Auctions

May 21 15:30 Italy Announces details of CTZ/BTPei on 26 May

May 21 15:00 US Announces details of 2-year FRN on 27 May, plus 2/5/7 year

May 21 17:00 US Auctions 10-year TIPs

May 22 09:03 Sweden Holds bond exchange auction

May 22 10:00 Norway Details bond auction on 27 May

 

USD/JPY analysis forecast

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