Currency markets moved slowly at the start of the week, with the US dollar flat at a six-month high against its main rival.
This week will be filled with meetings from the 4 main central banks, the Federal Reserve (Fed), the Swiss National Bank (SNB), the Bank of England (BOE) and the Bank of Japan (BOJ).
The Fed is certainly the main focus of investors, but at the same time, Japan's central bank is also stealing the spotlight, especially after the guidance given by Governor Kazuo Ueda last week.
Ueda hinted at the possibility of a shift away from the current loose monetary policy after the yen continued to depreciate.
In the European session, the yen traded almost unchanged at a 10-month low against the greenback.
Meanwhile, the euro continues to be stuck at its weakest level in six months against the US dollar, while the pound is gloomy at its lowest level in three months.
Ahead of Thursday's BOE meeting, investors will get a first look at the release of UK inflation data on Wednesday.
Meanwhile, the Aussie and New Zealand dollars remained steady at around the same price, with investors focused on the publication of minutes of the Australian central bank's (RBA) meeting tomorrow (Tuesday).
The Canadian dollar continued to strengthen after closing higher on the week with support from crude oil trading which remained strong at its highest level since November.
The release of Canadian inflation data in the New York session tomorrow will be the focus of investors who can determine the next movement for the Canadian dollar.
