(This is the same piece as I sent out earlier…but with the description of the chart adjusted. I correctly stated in the body of the piece that the USDJPY is getting weaker, but in the chart, I said that the yen has become weaker. Obviously, with the USDJPY getting weaker, the dollar is getting weaker vs. the yen…and thus the yen is getting much stronger. My apologies.)
All eyes will be on this morning’s employment report…and for good reason. However, what is going on in the currency market could be just as important for the markets this week. So, investors need to be watching these developments very closely as well.
