Australia AiG Performance of Services Index decreases to 44.1 in Apr from 49.6

The USD/JPY finished the day sharply higher, up 63 pips at 97.90. Initially the pair had traded lower during the Asia session, but support at 97.00 held firm and the pair shot higher (at point as high as 98.40) after the ECB Press Conference. Economic data will be quiet this evening as Japan is closed for holiday. However, expect volatility to pick up during the US Session when the US Unemployment Data is released at 12:30GMT.