A decent amount of activity in the commodity currencies early Monday. The RBA was out with its latest policy decision and followed in the line of the other major central bank decisions before it, adjusting the policy outlook to the accommodative side. Soft New Zealand data. US durable goods later today.

Performance v. US dollar this week

Currencies

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USD/JPY is recovering ground after crashing to 155.00 on what seemed like a Japanese FX intervention. The Yen tumbled in early trades amid news that Japan's PM lost 3 key seats in the by-election. Holiday-thinned trading exaggerates the USD/JPY price action. 

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Ripple loses all gains from the past seven days, trading at $0.50 early on Monday. XRP holders have their eyes peeled for the Securities and Exchange Commission filing of opposition brief to Ripple’s motion to strike expert testimony.

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Week ahead: FOMC and jobs data in sight

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