Weekly outlook

Interest rate decisions are always important and this week Canada and Japan are to set the rate on Tuesday and Friday respectively.

Canadian Dollar:
Remembering last Friday, when 139 $/b oil was unable to convince investors not selling CAD, so it is not difficult to imaging what an interest rate cut, which is almost certain, could do with the currency. However I don't see it as an easy game at all but it needs smart choices in both pair and entry point.

Japanese Yen:
It is a long way before Friday. Important data, especially GDP, is ahead and any decision must be based on evolutions in market's sentiment.

US Dollar:
Advanced retail sales report makes Thursday a pivot point for the week, at lease in my view.
This week has updated data on inflation, for US, UK, and Germany, at the time when everyone you see is speaking about inflation. I don't miss Tuesday when Fed's Bernanke and Fisher speak on inflation and monetary policy.