Greetings if you are just joining us for the start of the new Forex week.

Have a scan back through the weekend news, there wasn’t a lot of market-moving items. Friday’s news is still having an impact, most importantly the speech from ECB head Draghi … in which he really didn’t say much new …. but the euro got trashed anyway. Gotta be a lesson in there, right?

Also, the People’s Bank of China (PBOC) cut rates, giving a boost to the commodity space, including AUD (more from the links here).

Comments over the weekend too from head of the Swiss National Bank Thomas Jordan.

For today …. well it’s a Japanese holiday, which will negatively impact liquidity levels in the forex markets, but so far its shaping up as a subdued sort of session. There aren’t any notable economic data releases scheduled for the session either.