Written By : ForexAbode.com || Sunday, 17 August 2014 04:31 GMT

USD/JPY Fundamental Analysis & Economic Strength Meter - August 17, 2014

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

USD/JPY - Recent economic releases

Economic Fundamentals from the U.S.A.

USD: Monthly Budget Statement: USD -95 billion and though better than the expected -96 billion but quite poor as compared to the previous 71 billion US dollars.
USD: Retail Sales (MoM - July): 0.0%, negative as compared to the consensus as well as the previous 0.2%. Same with the retail sales ex-autos which was 0.1% against the previous month's 0.4%.
USD: Jobless Claims: Initial claims were 311K against the previous 290K. The continuing jobless claims also rose to 2.544 million from 2.519 million.
USD: Producer Price Index (YoY in July): 1.7%, negative as compared to the consensus (1.8%) as well as the previous 1.9%.
USD: Net TIC (Treasury International Capital) Flows: Total net TIC flows were USD -153.5 billion against the previous 33.1 billion. The net long term flows were USD -18.7 billion and hence quite less than the previous 18.6 billion.
USD: Industrial Production (MoM in June): 0.4%, better than the expected 0.3% but was same as the previous.
USD: Reuters/Michigan Consumer Sentiment Index (preliminary - August): 79.2, negative as compared to the consensus (82.5) as well as the previous 81.8.

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%.

USD/JPY Economic Strength Meter ©

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USD/JPY fundamental outlook - Economic strength meter - August 17, 2014
USD/JPY fundamental outlook based of recent economic releases USD/JPY fundamental outlook based on the relative strength of the economic releases.

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USD/JPY interest rate comparison
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