Locked and loaded for the May edition of non-farm payrolls ...Middle East

I'm tempted to dismiss this report as unimportant because the Fed is in a casual wait-and-see stance but a tipping point in an economy is like Hemingway's description of bankruptcy: Suddenly and then all at once.

In any case, let's see what the data brings. Here is the only preview you need to read, as it highlights some of the data foreshadowing the numbers, the estimates and the seasonals.

USD/JPY is up 67 pips to 144.18 just ahead of the data.

This article was written by Adam Button at www.forexlive.com.

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