European currencies and AUD under pressure
The US dollar is gaining momentum in early Asia-Pacific trading. The dollar declined on Friday against the Swiss franc, yen, euro and sterling on Friday. Those gains have been eroded in early trading.
The Australian dollar sagged on Friday and it has continued lower. AUD/USD peaked shortly after last week's blockbuster employment report and has been in full retreat ever since.
The top performers so far today are JPY and the beaten-up Canadian dollar.
It's way too soon to draw any conclusions. The BOJ Tankan is due up shortly.