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FXstreet.com (San Francisco) - After a subdued start, the Asia-Pacific session is a bit more upbeat after the Tokyo fix as hopes are lifted that this week's meeting of EU Leaders on Wednesday will put a little more focus on growth, and on reports that China is ready to provide more monetary stimulus, which is also helping risk appetite.

The U.S. dollar, therefore, is broadly weaker, with EUR/USD having rallied to a fresh 4-day high of 1.2799 vs. 1.2774 late Friday in New York. GBP/USD has closed the gap at the weekly opening, having traded up to 1.5832 from its 1.5796 starting price. USD/JPY has traded up to session highs, reaching as high as 79.23 vs. 79.06 at the close of the American session. AUD/USD is up around 50 pips on the day, last at 0.9865 from 0.9813.

Regional stock markets may be somewhat cautious today after stocks on Wall Street fell Friday on concern over the euro-zone, which continued to weigh on sentiment. Facebook's jaded Nasdaq debut also soured the mood.

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