Awaiting a fresh catalyst.

Monday 11 December has been a fairly quiet day in the Forex market. The JPY has Been the standout weak currency following pushback on talks of policy change this month. I've not traded today but my hope is that the BOJ don't do anything at the December meeting, which should mean the short JPY carry trade (which has been so fruitful this year) will remain the trade of choice.

A fairly strong US 10Year bond auction has kept pressure on bond yields but all in all, it appears the market is waiting for a fresh catalyst, either from CPI tomorrow. Or Wednesday's FOMC.

updates on what to look for from this events to follow.