Today is Easter Monday, another major Holiday in many parts of the world. We will not be trading the European session today but may look to take a low risk entry on our GBP/JPY and USD/JPY pairs during New York if the right setup presents itself.
Some interesting news today:
1) More grief in the housing markets.
2) Fed may start buying Mortgage backed securities.
3) G-7 intervention to prop up the dollar may be coming soon.