Momentum indicators are mostly flat; US Dollar (USD) is likely to trade in a range between 7.1200 and 7.1300. In the longer run, USD has likely entered a range-trading phase between 7.1120 and 7.1330, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Stellar (XLM) edges higher by over 7% at press time on Monday, extending the bounce back within a descending channel pattern. Derivatives market data suggest a rise in risk-on sentiment among traders.
Japan Prime Minister Sanae Takaichi said on Monday that she will review target of achieving basic fiscal balance surplus and issue instructions at the stage in January.