USD/JPY continued to rally and gained over 100 points last week. The pair closed at 1.2547, its highest weekly close since May 2002. There are nine events this week. Here is an outlook on the major events moving the yen and an updated technical analysis for USD/JPY. In the US, an excellent NFP report helped boost the US dollar late in the week against the struggling yen. In Japan, Average Cash Earnings was unexpectedly strong, but this wasn’t enough to stop the yen from sustaining a third straight weekly loss. Updates: USD/JPY graph with support and resistance lines on it: 1. Current Account: Sunday, 23:50. Current ... (full story)