Written By : ForexAbode.com || Friday, 01 August 2014 17:51 GMT

EUR/JPY Fundamental Analysis & Economic Strength Meter - August 2, 2014

The EUR/JPY fundamental analysis is updated weekly. This is mainly derived from the recent major economic releases and news. The EUR/JPY economic strength meter at the bottom shows the relative strength or weakness of the recent economic releases and news from the euro-zone and Japan, which may affect the relative strength of the euro vesus Japanese yen.

EUR/JPY - Recent economic releases

Europe

EUR: Economic Sentiment Indicator: 102.2, positive as compared to the consensus (101.8) as well as the previous 102.1.
EUR: Industrial Confidence: -3.8, positive as compared to the consensus (-4.5) as well as the previous -4.3.
EUR: Services Sentiments: 3.6, negative as compared to the consensus (4.4) as well as the previous 4.4.
EUR: German Consumer Price Index (preliminary): Year-over-year change was 0.8% and though same as expected but was less than the previous 1.0%. Exactly the same numbers came out for the year-over-year harmonized CPI. The month over month change remained same as the previous month i.e. 0.3%. 
EUR: German Retail Sales: Year on year change 0.4% was negative as compared to the consensus (0.8%) as well as the previous 2.4%. The month-over-month change of 1.3% was better than the expected 1.0% and previous -0.2%.
EUR: German Unemployment: The unemployment rate remained same at 6.7%. The change in the unemployment in July was -12K against the previous month's losses of 7K jobs.
EUR: Consumer Price Index (YoY - preliminary): 0.4%, negative as compared to the consensus as well as the previous 0.5%. The change in the core CPI remained same at 0.8%.
EUR: Markit Manufacturing PMI: Remained same as the previous i.e. 51.8. The German data was 52.4 and though less than the expected 52.9 but was better than the previous 52.0.

Japan

JPY: Overall Household Spending (YoY): -3.0%, positive as compared to the consensus (-3.8%) as well as the previous -8.0%.
JPY: Unemployment rate went up unexpectedly from 3.5% to 3.7%.
JPY: Retail Trade: Year on year retail trade -0.6% and negative as compared to the consensus (-0.5%) as well as the previous -0.4%. Similarly the large retailers' sales went down by -1.8% from the previous -1.2%.
JPY: Industrial Production (YoY - preliminary): 3.2% and quite better than the previous 1.0%
JPY: Housing: Year-over-year housing starts was -9.5% and was positive as compared to the consensus (-11.5%) as well as the previous -15.0%. However the year over year construction orders went down from previous 13.7% to 9.3%, indicating the some slowness should be seen in the future.
JPY: Nomura/JMMA Manufacturing PMI: 50.5 against the previous 51.5.

EUR/JPY Economic Strength Meter ©

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EUR/JPY fundamental outlook - Economic strength meter - August 2, 2014
EUR/JPY fundamental outlook based of recent economic releases EUR/JPY fundamental outlook based on the relative strength of the economic releases

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EUR/JPY Interest Rate Comparison
(For Carry Trade)
Euro
0.15%
Japanese Yen
0.10%
EUR/JPY interest rate comparison
0.05%

 

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