The Japanese economic calendar has been devoid of any significant data over the past 24 hours and this will remain the case for the next 24 hours.
Many of the Yen crosses have recovered significantly over the past week, but further strength will now be contingent upon Friday’s US non-farm payrolls report. Meanwhile, the Japanese government is in no rush to find a new Bank of Japan Governor. Although Fukuda indicate that a candidate will be announced shortly, the Japanese needs to find someone who is agreeable to both parties.