There is almost nothing of significance on the calendar except for Hungarian Unemployment, South African GDP, Swiss Employment and then the UK CBI Trades Survey.
The latter may only have some lightweight bearing on cable as it is likely to add further negativity to the UK scenario.
In essence then then market will be absorbing the effects of a possible re-polling in Italy which would again weigh further on the euro, and the in-the-market Japanese BOJ appointments.
There is no doubt that Abe is set on his path and one anticipates that he will be aiming to get constitutional changes to further his cause.
Market positioning will be the driver today.
I will start some currency pairs analysis shortly.
Have a good day !
EDIT – my previous calendar comments were limited to the main European session; of course later we have US New Home Sales and Bernanke’s ‘Testification’ !
