The early interbank market is up and running and cable has traded to fresh trend lows near 1.5100 in the usual thin trading conditions.
USD/JPY has gapped 100 pips higher in what looks like a complete overreaction to weekend reports that current ADP president, and noted ‘Dove’, Kuroda is likely to be the next BOJ Governor.
EUR/USD is slightly higher due to solid cross-buying interest.