• The US Dollar is in the red with Japanese Yen leading the charge against the Greenback.
• Market sentiment becomes unclear with investors awaiting further data in pivotal week.
• The US Dollar Index is on the back foot and heads to the mid-103 level. 

The US Dollar (USD) is mildly in the red, trading overall is down against most major peers, especially the Japanese Yen, which is nearly 0.50% stronger against the Greenback. The move comes on the back of the Japanese inflation print which came out higher than expected. 

On the economic front the week is starting to heat up with Durable Goods and a few sentiment indices ahead. Markets already heard Kansas City Federal Reserve Bank President Jeffrey Schmid, who said that the Fed should be patient and not adjust its policy preemptively. Later this Tuesday Michael Barr and Fed’s Vice Chair will make comments as well.