USD/JPY tried to break back above 92.50 but failed to hold and is now back at its NY closing level around 92.35. The other majors are also quiet after a relatively event free weekend. USD/JPY posted a renewed low at 91.80 on Friday and this raises the prospect of a double bottom forming. EUR/USD again failed to break out of its range trading mode and more of the same seems likely.
Good luck today.
