A public holiday in Japan has seen a quiet start to the week in global FX markets. In terms of overnight news, there were note some soft China activity data that calls out for some more stimulus.
The GBP/JPY cross struggles to capitalize on last Friday's closing above the 200.00 psychological mark for the first time since August 2008 and edges lower at the start of a new week. The downtick, however, lacks bearish conviction ahead of this week's key central bank event risks.
USD/CAD inches lower after registering small gains in the previous session, trading around 1.3840 during the Asian hours on Monday.