Easy does it - quiet start to the week for....>

FOREX: Easy does it - quiet start to the week for currencies

-Price action has been relatively few and far between Monday with the data

calendar particularly quiet ahead of key central bank decisions due over the

coming fortnight.

-JPY is the strongest performing (and most directional) currency as Asian

investors had their first opportunity to react to reports on Friday that the BoJ

could be considering a tweak to their policy plans to protect the profitability

of its domestic commercial banking sector. As a result, USD/JPY dipped back

below the Y111 mark for the first time since July 11th but the pair appears to

have stabilised well above the 50-dma at Y110.53.

-Crude oil and broader energy prices trade slightly higher as the US President

and his Iranian counterpart traded barbs over the weekend, leading NOK to be the

best performing European currency so far.

-BoE's Broadbent is due to speak at 1800GMT as markets look to gauge whether the

he will join the minority in voting for a rate hike at next week's meeting. The

Fed blackout period began this weekend, meaning US markets could remain quiet.