- The Japanese yen strengthened slightly on Monday morning, despite many Asian countries being closed for a public holiday. Looking forward to this week, the Bank of Japan is holding a policy meeting today and will release a statement afterwards detailing their thoughts on interest rates and the extent of their programme of quantitative easing. The protesting in Hong Kong has increased the flow for the Japanese yen and the ongoing situation will continue to strengthen the Japanese currency.
- The Canadian Dollar strengthened today after better-than-expected purchasing managers’ index (PMI) data was released from Canada. Figures have risen from 49.1, reported last month, to a much higher 65.2, as was reported yesterday. We look forward to Canadian unemployment data on Friday, which is expected to remain at 7%.
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