Dollar/yen continued lower amid safe haven flows, and doesn’t seem to stop. Current account is the highlight of this week. Here’s an outlook for the Japanese events and an updated technical analysis for USD/JPY.
Last week the total average monthly earnings increased for the second consecutive month in March, up 1.3% on a yearly base, following 0.1% gain in February. However the sharp rise does not necessarily point to an improvement in the job market but comes as contrast to the plunge in March 2011 following the Earthquake and Tsunami disasters. Will the job market show areal recovery in the coming months?
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/usdjpy-outlook-apr-may-7-11/"]USD/JPY Outlook Apr. May 7-11[/URL][/I][/B]
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