Japanese PM Ishiba resigned over the weekend, setting up a new generation of Japanese leaders to take over, which the equity market rally seemed to welcome. In Europe, the French Government looks set to fall, as the budget is a vote of confidence. This will be yet another Macron Government to fall, as unrest builds, agitated and provoked by the most unpopular of French Presidents. The US await inflation data, while bond yields head south, along with the US Dollar. The EUR jumped broke back above 1.1700, while the GBP surged through 1.3500.The softer reserve allowed for further strength in commodity currencies, with the AUD looking to regain 0.6600, while the NZD reclaimed 0.5900. All eyes are on the French Government and US inflation data.
