Not a lot would be my guess

;-)

What might be more of interest is the continued recovery in USD/JPY from the apres NFP sell off last week.

We’ve had a look at the 105.30 area, a sticky point I highlighted earlier, and have reached 105.33 before falling back slightly to 105.25.

The 2014 channel top is still capping the gains and halting a proper break out and we’ll need to see a break and close above the line to help give us that next move up.

USD/JPY Daily chart 08 09 2014

USD/JPY Daily chart 08 09 2014

105.20 holds mild support ahead of 105.00/10. 104.75/80 is the stronger level to watch.

There’s zero on the calendar today so inspiration will need to come from somewhere else. My vote is that they move some of the data around as Monday’s have become really rather rubbish for data.