Yen at Risk as Stocks Rise

Major currencies started the trading week in a unifying way, with an essential economic calendar seemingly leaving markets afloat. The Candian dollar edged slightly higher, pulling in after Friday’s vertical decline on the back of disappointing CPI data.

Looking ahead, a scant offering of scheduled event risk seems likely to keep sentiment trends at the forefront. The US and European stock index figures are pointing convincingly higher, hinting at an upbeat bias. That probably spells trouble for anti-risk Japanese Yen.