Month-, quarter-end provide sole price........>

FOREX: Month-, quarter-end provide sole price action

-Other than a spell of minor month- and quarter-end currency volatility, it was

generally a quiet Monday, with recent themes and trends carrying over from the

weekend. There was little in terms of news or data to drive risk sentiment in

either direction, keeping focus on the underlying themes.

-A disappointing MNI Chicago PMI release (47.1 vs. Exp. 50.0) proved a temporary

setback for USD/JPY, which sustained a minor rally from the day's lows at

Y107.74 to make a decent test on the Friday high at Y108.18.

-The RBA are seen cutting rates by 25bps at their rate decision Tuesday, ahead

of which AUD/USD is trading in close proximity to $0.6739 support. A break below

here could open the early September and YTD lows at $0.6688 and $0.6677

respectively.

-Japan's Q3 Tankan survey is due Tuesday, as well as September manufacturing

PMIs for the Eurozone, US and UK, advance Eurozone inflation data and ISM

manufacturing. ECB's Draghi, Weidmann & Lane, Fed's Evans, Clarida & Bowman and

RBA governor Lowe are all on the docket.