Written By : ForexAbode.com || Friday, 25 July 2014 18:38 GMT

AUD/JPY Fundamental Analysis & Economic Strength Meter - July 26, 2014

The AUD/JPY fundamental analysis is updated weekly. This is mainly derived from the recent major economic releases and news. The AUD/JPY economic strength meter at the bottom shows the relative strength or weakness of the recent economic releases and news from Australia and Japan, which may affect the relative strength of Australian dollar versus Japanese yen.

AUD/JPY - Recent economic releases

Australia

AUD: Consumer Price Index: Year-over-year change 3.0% was less than the expected 3.1% but was slightly better than the previous 2.9%. The quarter-over-quarter change came out to be 0.5% and less than the expected and previous 0.6%. Year over year RBA trimmed mean CPI was 2.9% and positive as compared to the consensus (2.7%) as well as the previous 2.6%.
AUD: Economic data from China has strong positive correlation with the strength of the Aussie dollar. The reports during last week were generally good from China. The Conference Board leading economic index came out as 1.3 against the previous 0.7. HSBC manufacturing PMI (preliminary) was 52.0 against the previous 50.7, while the expectations were for a slight rise to 51.0.

Japan

JPY: Economic Indexes: All Industry Activity Index (MoM) was 0.6% against the previous -4.6%. Leading Economic Index came out as 104.8 against the previous 106.5. The Coincident index was little changed from previous 111.1 to 111.3 in May.
JPY: Merchandise Trade Balance (Total): JPY -822.2 billion and though less than the expected -642.9 billion but was better than the previous -910.8 billion. However the adjusted merchandise trade balance data was quite poor with  -1,080.8 billion Japanese yen against the previous -862.2 billion.
JPY: Nomura/JMMA Manufacturing PMI: 50.8 against the previous 51.5.
JPY: Consumer Price Index (YoY): National consumer price index was 3.6% against the previous 3.7%. The Tokyo CPI was 2.8% against the previous 3.0%.

AUD/JPY Economic Strength Meter ©

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AUD/JPY fundamental outlook - Economic strength meter - July 26, 2014.

AUD/JPY fundamental outlook based of recent economic releases AUD/JPY fundamental outlook based on the relative strength of the economic releases.

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AUD/JPY Interest rate Comparison
(For Carry Trade)
australian dollar
2.50%
Japanese Yen
0.10%
aud/jpy interest rate comparison
2.40%

 

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