Tuesday 8 August 09:50 UK time.

With cost of labour in Japan softening, this should keep the pressure off the BOJ normalising policy. I think any 1hr JPY pullbacks that create an bit of support are tradeable as short yen trades. In other news, disappointing data from China is keeping the wind out of the sails of the AUD and NZD. But all in all, this week's main event is Thursdays US CPI. Which should give an indication of the feds next interest rate move.