Monday 9 October. US. Session.

With the bond market closed for a partial holiday, the FX market is fairly quiet today. There was a mild 'risk off' tone with the JPY gapping higher at the Asian open. But the negativity hasn't materialised into fear and I'll be waiting until tomorrow before forming a conviction In the direction of the currencies.

In other news, the CAD is performing well in correlation with oil and helped by Friday's jobs data. Later in the week, all eyes will be on the CPI release from the US. which could give a clearer view on any potential rate hikes for the remainder of the year.