Japanese Data Provides No Clear Direction for the Yen

Japan produced a set of mixed economic data on the last trading nigh of the week showing that the world’s third ;largest economy continues to recover from the worst contraction in the post war era albeit an uneven pace. Japanese labor markets improved with the unemployment rate declining to 5.1% versus 5.3% eyed – recording their best reading since November of last year. Japanese labor conditions have improved consistently since August of last year when the unemployment rate hit a peak of 5.7%.