With the exception of the Eurozone meetings that are
ongoing in Europe, Monday will be a quiet day for economic reports, with
nothing major coming from any country. Barring any news from the
Eurozone summit, we should see a relatively quiet trading day. The Yen
opened stronger today in the first hour of trading in Asia, despite
reports from the BoJ that monetary easing is on the horizon to weaken
the Yen, which has been in a 3+ year uptrend. Trading since the initial
pop has been quiet and flat. Expect similar moves for the London and
New York open, with the EUR dropping based on results of Spanish
elections. Overall, Monday should be a range bound day.
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