Monday 28 August 15:20 UK time

With a sparce data calendar today, the FX market is very muted. There is a mild 'risk on' tone, thanks to China's attempts to boost its economy. The JPY is the weakest currency, as I would expect in a calm market helped by interest rate differentials.

A JPY short trade is definitely on my radar, I would just prefer to see a 4hr candle break above previous range before feeling confident, then it would be a case of which currency to long against the yen.