USD/JPY remained in range and closed the week almost unchanged, as safe haven flows balanced upside pressure. The first release of GDP is the highlight of this busy week. Here’s an outlook for the Japanese events and an updated technical analysis for USD/JPY. Last week Japan’s current account surplus narrowed to a seasonally adjusted 785.5bn in February from 856.2bn in January. The current account for 2011 fell 52.6% due to stronger energy imports following Japan’s Earthquake/Tsunami and subsequent nuclear disaster. Nevertheless, the trade account is expected to improve in 2012 despite the continuation in energy ... (full story)