New Zealand Producer Price Index - Input (QoQ) came in at 1.4%, above forecasts (0.8%) in 1Q

The Yen drifted toward the 159.00 zone through Monday's session and closed close to 158.80, marking a sixth straight losing day against a US Dollar that just refuses to peak. The price action itself was unremarkable, a 60-pip range on the day, but the trajectory is striking.