GBP/JPY Fundamental Analysis & Economic Strength Meter - August 17, 2014
GBP/JPY fundamental analysis is updated weekly. This is mainly derived from the recent major economic releases and news. The GBP/JPY economic strength meter at the bottom shows the relative strength or weakness of the recent economic releases and news from the U.K. and Japan, which may affect the relative strength of British pound versus Japanese yen.
GBP/JPY - Recent economic releases
Economic Fundamentals from the U.K.
Economic Fundamentals from Japan
JPY: Consumer Confidence Index: 41.5, though less than the expected 42.3 but was slightly more than the previous 41.1. However any reading below 50 indicates bearish sentiments.
JPY: Machine Tools Orders - preliminary (YoY): 37.7% against the previous 34.1%.
JPY: Industrial Production (YoY): 3.1% against the previous 1.0%.
JPY: Gross Domestic Product (Q2) - preliminary: The annualized GDP was -6.8% and though better than the expected -7.1% but was quite poor as compared to the previous 6.1%. The quarter-over-quarter change was -1.7% against the previous 1.5%.
JPY: Machinery Orders (YoY): -3.0%, though quite less than the expected 3.3% but the data was much better than the previous -14.3%.
|GBP/JPY fundamental outlook based of recent economic releases|
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