Welcome to the new week

Yen strength is the story so far today after Japanese yields moved higher for the first time in ages.

Economic data isn't likely to be a big driver but there are some highlights starting at 1230 GMT with Canadian wholesale trade and the Chicago Fed national activity index.

At 1400 GMT, Eurozone July preliminary consumer confidence is due out and forecast to dip to -0.7 from -0.5 in what would be a disappointing sign. US existing home sales are due at the same time and forecast at 5.45m, a small pickup from the 5.43m pace in May.

The event that's most likely to be a market mover is the 1700 GMT speech from the BOE's Broadbent. He's in London to speak to the Society of Professional Economists. At the moment, the OIS market is putting the chance of an Aug 2 hike at 87%.