Yen Drop Slow and Methodical

From oanda.com

Historically, the first Monday after non-farm-payroll usually ends up being the quietest trading day of the month – and this Monday morning is threatening to continue on that tradition. With the various bank holidays and festivals being honored globally, it feels a stretch to get overexcited on this first day of a new-week even amongst the spatter of Euro data already reported. The 17-member single currency continues to make some headway outright after French and German services sector data beat expectations. However, periphery spreads have tried to derail some of this momentum. Spanish yields have edged higher, ... (full story)