The JPY bull case is running into headwinds. EUR has troubles of its own but is not likely to ease at the level of the BoJ.
|Monday, May 16, 2016|
|22:30||JPY||Industrial Production (MoM) (Mar)||3.8%||3.6%||3.6%|
|Tuesday, May 17, 2016|
|03:00||EUR||Trade Balance (Mar)||28.6B||22.5B||19.0B|
|33 min||JPY||GDP (QoQ) (Q1)||0.1%||-0.3%|
|33 min||JPY||GDP (YoY) (Q1)||0.2%||-1.1%|
|Wednesday, May 18, 2016|
|03:00||EUR||Core CPI (YoY) (Apr)||0.7%||0.8%|
|03:00||EUR||CPI (MoM) (Apr)||1.2%|
|03:00||EUR||CPI (YoY) (Apr)||-0.2%||-0.2%|
EURJPY Technical Analysis
EURJPY is looking to test the trend line that was started back in December 2015 which means it will get back up above 124 in the near-term. Look for trend line to be broken as the plans to weaken the currency become public knowledge.
EURJPY Investment Bank Forecasts
|EURJPY||Q2 16||Q3 16||Q4 16||Q1 17||Q2 17|