I suspect today will be more of a cross-country ski than a run through the moguls.

At this point, none of the majors are more than 20 pips from opening levels and the calendar is vacant. The lone item that might get things moving is a speech from Bank of Canada deputy John Murray at 1750 GMT (1250 pm ET). Late on Friday, Maclem spoke in comments that didn’t get much attention but suggest no rush for the BOC to cut.

Otherwise, look for mild retracements in the yen crosses after the big moves on Thurs/Fri.