G-20 SETS STAGE FOR USDJPY RALLY
– USD mixed as most majors trade within narrow range.
– CAD soft as investors focus on energy prices, domestic outlook.
– EUR declines as markets look to relative monetary policy.
– SEK strengthens as dovish Deputy Gov. Svensson resigns.
– GBP weaker, focus on GDP later this week (exp 0.1% q/q).
– JPY weak though USDJPY has yet to breach 100 despite G20 outcome.
– AUD challenged ahead of China HSBC flash PMI & domestic CPI.
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Scotiabank