Session recap: Sleepy, light data session heads of holiday week

FXstreet.com (Barcelona) - With Japan closed for the Emperor’s Birthday and no data points released by any of the Asia-Pacific countries Monday, the Asian trading session has been extremely quiet in terms of trading activity and price moves.

Main headlines in Asia:

DXY fails to eclipse short-term hurdle – Despite the Fed's tapering announcement

Gold just below flat after last week’s technical breakdown. Lower prices still ahead?

China rates climb again, PBoC likely to provide further SLOs

S&P 500 futures continue upside march to start the week; 1827 next target say Elliott Wavers

AUD/JPY inching higher on no-news day for the two countries; waiting for US data later

AUD/JPY rallied over the second half of last week – reflecting the decision by the big money to stay with and add on to the risk-on trade. The action to start this week is very quiet – but is still continuing last week’s bullish action.
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AUD/USD continues to lift as session wears on; upside target at least 0.8990

The AUD/USD continues recent lift on hopes that China is injecting stimulus and US is still dovish despite last week’s tapering announcement.
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