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US bank holiday should keep volatility low. Japanese yen seems to be over sold at this point especially considering the global risk events occurring. If it continues being heavily sold it should lead to buying opportunities later in the week. The next big news event that I have my eyes on is the RBA rate decision. I doubt much will change since the last statement, and most definitely the rate will not. Seems to me the risk is slightly skewed to it being an Aussie positive event . ECB action this week as well... Further easing action or doveishly talk from draghi seems priced it currently, I'm guessing the ECB meeting will be a "buy the rumor sell the fact " situation... So eurusd may end up positive for the week.
