Dollar/yen managed to recover only marginally in the first week of 2012. Leading indicators and Prelim Machine Tool Orders are the main events this week. Here’s an outlook for the Japanese events and an updated technical analysis for USD/JPY. On one hand, the positive US data pushed the pair higher, but these rises were limited by the ongoing flow of bad news from Europe, which triggered safe haven flows. USD/JPY daily chart with support and resistance lines on it. Click to enlarge: Leading Indicators: Wednesday, 5:00. Leading indicators of 12 economic markers reveal an unexpected increase in October with a revised ... (full story)