U.S. Dollar Trading (USD) trading was very quiet on Monday ahead of the Bank of Japan rate meeting today. A lot of the sharp equity rally in recent weeks has been on the back of promises from the new Japanese PM to weaken the Yen. Another reason for the lack of movement was that US traders were away for Martin Luther King Day. Looking ahead, Existing Home Sales forecast at 5.09m vs. 5.04m previously.
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