FXstreet.com (Barcelona) -After yesterday’s record liquidity injection by the PBoC, and ahead of a week-long China holiday, NAB Strategists suspects "too much has been made of this" but remains constructive that "hint from the PBoC that a RRR cut could still come later in the year, and is nevertheless helping the cause of improved China growth sentiment."

NAB adds: "Today we will get the final read on the MNI Business Sentiment survey. Also in Asia we’ll get the usual month-end slug of Japan data and where progress or otherwise in defeating deflation and what this means for the prospects of further BoJ easing should mean the CPI data is the most important. No real progress towards positive price data is expected."