Yen weakness was the main theme in town in thin trade with market centres closed for public holidays in Australia, New Zealand, and Hong Kong, and most of Europe. EUR-USD has so far posted a 20 pip range, of 1.1153-73. USD-JPY, meanwhile, rose to a 12-day peak at 113.68, and EUR-JPY a two-week high, at 126.88. This comes with markets anticipating extra stimulus from the BoJ, juxtaposed to a flow of hawkish-tilting Fedspeaak over the last week and uncertainty about the future course of ECB policy.
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