The US dollar extended its recent bullish run on the Japanese yen today, with the pair reaching as high as 76.85 before staging a slight reversal. In addition to a positive US jobs report from last week, the pair’s ascent was attributed to reports that the Bank of Japan (BOJ) secretly intervened in the marketplace late last year. While the greenback is still fairly close to the lows it hit against the yen …

Today forex traders should be focusing on the economic calendar. We have already seen better French Q3 GDP results but the forward looking German ZEW Economic Sentiment will likely attract much of the attention in today’s European trading session.