Written By : ForexAbode.com || Friday, 08 August 2014 21:22 GMT

EUR/JPY Fundamental Analysis & Economic Strength Meter - August 9, 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: Markit PMI (Services and Composite): The services PMI was 54.2 and though slightly less than the expected 54.4 but was better than the previous 52.8. The data from Germany was 56.7 and positive as compared to the consensus (56.6) as well as the previous 54.6. The composite PMI was 53.8 against the previous 52.8.
EUR: Retail Sales: Year-over-year change was 2.4% and quite positive as compared to the consensus (1.2%) as well as the previous 0.6%.
EUR: German Factory Orders: Year-over-year non-seasonally adjusted change was -4.3% against the previous 7.7%. The month-over-month seasonally adjusted data also came out poor at -3.2% against the previous -1.6%, while the consensus was for a growth to 1.0%.
EUR: German Industrial Production (YoY - without seasonal adjustment): -0.5% against the previous 1.1%
EUR: Interest rate was kept same at 0.15%.
EUR: German Trade Balance: EUR 16.2 billion, negative as compared to the consensus (17.5 billion) as well as the previous 18.8 billion.

Japan

JPY: Markit Services PMI: 50.4 against the previous 49.0.
JPY: Leading Economic Index (preliminary): 105.5 against the previous 104.8.
JPY: Coincident Index (preliminary): 109.4 against the previous 111.2.
JPY: Bank Lending (YoY): Down from 2.3% to 2.2%.
JPY: Trade Balance (BOP Basis): Improved from -675.9 billion yen to -537.1 billion yen.
JPY: Eco Watchers' Survey: Outlook 51.5 against the previous 53.3. Current situation 51.3 against the previous 47.75.

EUR/JPY Economic Strength Meter ©

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EUR/JPY fundamental outlook - Economic strength meter - August 9, 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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