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FUNDAMENTAL OUTLOOK at 0800 GMT (EDT +0400) USD Radio silence out of Europe has kept investors in wait-and-see mode for yet another overnight session. However, interest in USDJPY is intensifying given the pair is hovering above key levels and US payrolls is just hours away. As far as economic data goes, the yen shows greatest sensitivity to the US employment situation, and a weak report later would likely give the yen another push higher. Extremely weak data might even be enough to trigger a round of intervention on Monday, and Japan Finance Minister Azumi’s comments overnight reinforce this view. He complained that the latest yen moves were “one-sided”, and said the price action was increasingly driven by speculation. This represents a moderate hardening of rhetoric – a step which ...