It has been a day of dust settling in currency markets following the volatility of Friday, which came at the prompt of the BoJ's unexpected adoption of a sub-zero interest rate policy. USD-JPY has posted a narrow range in the low-to-mid 121s, holding below Friday's six-week peak at 121.68. The commodity currencies, Friday's outperformers, have traded moderately lower. EUR-USD, meanwhile, has made time in the low-to-mid 1.08s. Weak manufacturing PMI survey data out of China today didn't have the impact it likely would have were it not for the BoJ's move on Friday.
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