Australian unemployment the focus

With no major economic data out of Japan today, markets will turn there attention to the Australian Employment data out at 0130 GMT.

Forecast is for a fall of 25,ooo jobs in April and an unemployment rate of 5.9%, after the 34,700 fall in March. With many positive factors surrounding the Aussie Dollar at the moment, a strong number should see AUD buyers come to the party and push it to new highs. Only a disastrous number will change the momentum.