It seems in the recent past, short-term trends in the foreign exchange market change around monthly US jobs report. The euro held support last week near $1.1700, and the greenback held below JPY111.00. It is difficult to read much into the price action due to the month and quarter-end adjustments, which also is the end of many governments and corporate fiscal years. Market conditions were thinned by the Good Friday holiday, so we should not put too much stock on the limited reaction to the stronger than expected US employment data. At the same time, the dollar bulls may be puzzled by the lack of a more positive ... (full story)