Risk aversion has been ratcheted up a couple of notches, with Asian stocks/ oil trading lower, and this has benefitted the JPY in Asian trade.
USD/JPY is down at 95.45 from around 96.05 where Europe closed out Friday, while EUR/JPY is down at 133.40 from around 134.25.
Sentiment is still being weighed down by last Thursday’s release of a very weak US jobs report.
For today, not much in the way of data releases. The one of interest is at 08:30 GMT Euro zone sentix investor confidence for July expected -25 from previous -27.
Sterling saw some further weakness in Asian trade, with EUR/GBP up at .8580 from a close Friday around .8555.
One factor that will be weighing, is weekend media reports that the Old Lady will most probably announce a further £25 bln in quantitative ease later this week. Having said that, cable remains ensconsed in a well-defined/touted 1.62-1.66 range.
