There
was news and data from the weekend and today’s session but the net
impact on forex markets has been a little subdued with both Canada
and the US on holiday on Monday.

USD/JPY
traded a little higher but has not approached its post (Goldilocks)
NFP high. US yields are still firm and the BOJ is showing no sign of
relenting on its ultra-loose monetary policy, helping support
USD/JPY. There is some speculation that a rapid move into
142-143 would trigger Bank of Japan intervention (see the bullet
point above for more).

Elsewhere
the USD is touch higher too against EUR, AUD, GBP and others.

CME
hours for the long weekend: