Pretty Quiet

I don't think my opinion of early this week has changed much since Friday, the Futures and "most" FX pairs are pretty flat. Notably the JPY/YEN is one currency that has made a pretty significant move upon the opening of the FX market for this week. Apparently the next BOJ governor looks like it is going to be super-dovish, Kuroda who is very much in the same camp as the P.M., Abe.

 Kuroda has supported pumping massive amounts of money in to the economy, of two other posts to be presented to Japan's parliament this week, Iwata will be presented, he's an academic who has been very vocal about aggressive monetary expansion is likely to become the Deputy BOJ governor. In light of all of this which is really no surprise considering Abe, the Yen has moved fairly aggressively on the open whereas everything else is pretty much as stated, flat.

Also just coming out, HSBC's FLASH PMI for China hit, not pretty. The HSBC Flash PMI index for February missed expectations of a 52.2 print, dropping from the final January print of 52.3 to just barely above contraction territory of 50.4.This print seems to put an end of the contraction to newly expanding PMI, this could have a big effect on Central bank policy worldwide if the Chinese official PMI comes in as bad or worse.

For now, the market is flat, the only thing worth showing is the Yen vs the flat open of the rest of the market.

 The EUR/USD, very flat on the open this week.

The EUR/JPY, not so flat as the Yen takes a dive on the BOJ news.

So as I said, I don't see any reason so far to change the positioning from Friday with the QQQ/IWM weekly calls open over the weekend and looking to close them out early this week, I have a feeling it may be tomorrow.

Until pre-market, get some rest, this should be a fun week.