JPY Fundamental Analysis

 

 

   

JPY's current outlook score of 45 shows that the long-term outlook is bearish, which means that traders with a long-term trading timeline will be looking to short JPY on rally.

The latest 10 economic indicators released out of Japan have added -1 to the total Fundamental Outlook score of JPY. This represents a moderate pace of decline in recent months. More specifically, the most recent economic release with the greatest impact for JPY was the Japan Quarterly GDP, which took place on February 15, 2015 at 11:50pm GMT. The Deviation for the Japan Quarterly GDP is and the Forecast at the time was 0.9%. The actual figure came in at 0.6%, which was a negative surprise for JPY.


Although the current score for JPY is 45, please understand that this merely reflects the long-term view based on official economic data out of Japan. This outlook score does not account for market sentiment, namely risk appetite or risk aversion, order flows, or any breaking news that has the potential of changing the short-term market trend.


Fundamental Outlook Score is meant to be used as a direction confirmation tool, the idea behind this indicator is the sum of the effects of market sentiments into an easy to understand format. The proper use of this tool is to pre-qualify your trade. In the case of JPY, which has a low score, your bias would be to sell it against currencies with a strong outlook score. This DOES NOT MEAN you should trade in the direction of the score blindly, but use it to filter out other trading signals that may tell you to go in the opposite direction... I believe ultimately the market will follow the fundamentals, and that's the key to Fundamental Outlook Score. Click here for more information and detailed explanation on Fundamental Forex Outlook.


Recent Economic Indicators And Impact Score For Japan

  Date Event Description Forecast Actual Score

Japan Quarterly GDP
  Date Actual Forecast Score
2016-02-14 -0.4% -0.3% 0
2015-03-08 0.4% 0.5% 0
2015-02-15 0.6% 0.9% -1
2014-12-07 -0.5% -0.1% -1
2014-11-16 -0.4% 0.5% -2
2014-09-07 -1.8% -1.8% 0
more...
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