The yen enjoyed a broad advance across the FX market today as investors trimmed back their risk-taking ahead of the week’s close. Looking ahead to Friday, we will receive the only piece of Japanese data scheduled for release through this holiday-shortened week.
The preliminary reading of the March Leading Economic Index (used to forecast growth over the coming three to six months) is expected to fall to a reading of 20 percent. Not only would this point to slowing growth, it would also break the gauge’s steady five-month improvement.