The US earnings season remains in focus as investors continue to look at the world’s largest consumer market as the bellwether of the global economic recovery, particularly with European growth likely to prove lackluster as the region works through its sovereign debt burden while China hits the brakes amid fears of asset bubbles and runaway inflation. Indeed, USDJPY continues to show a firm correlation with the MSCI World Stock Index on 20-day percent-change studies, meaning investor’s top funding currency is firmly anchored to the ebb and flow of Wall St in the days ahead.