The Nikkei is expected to open marginally higher but it should not have any effect on the currency markets today. Most of the JPY crosses finished the NY session at or close to their highs and we have seen a modest drift off over the last 3 hours or so. Asian markets will open in 30 minutes and I would be surprised to see any major moves. The AUD will become a bit more volatile as the RBA meeting nears, even though the outcome is for many a foregone conclusion.