Japan Eco Watchers Survey: Current missed expectations (45.2) in April: Actual (41.6)

Asian hours are usually calm and slow, it’s best time to relax and ponder over eternity of the markets and reflect on where the currencies might go from here. This Monday is not an exception as most majors are sitting in narrow ranges, near the Friday closing levels. JPY is weakening on the back of the news that Japanese current account surplus shrank more than expected. While downside trend is limited due to negative Asian stock market dynamics.