The market continued to shrug off taper talk from Fed members. The pound was the top performer while the yen lagged. The calendar for Asia-Pacific trading is light. In the new week of Premium Insights, Ashraf issued 2 new trades in EURUSD with 3 charts as the uncertainty of ECB and US jobs report is behind us, while awaiting this month's FOMC decision. Both shorts in gold remain in progress and so is Friday's long in GBPJPY.
Yen weakness was the main theme on Monday, as it has been for most of the past month. The recent correction in yen crosses has been washed away and GBP/JPY, EUR/JPY and USD/JPY all hit fresh cycle highs.