The dollar has rebounded a bit, but the momentum is not necessarily strong.

Yields rose to a level attractive for many investors and they should think about buying.

Most people in the market see the BOJ scrapping the quantitative easing policy at its board meeting on April 28 as a done deal.

We believe that the US Fed will make its final rate hike in the current cycle at the Jan 31 FOMC meeting.

With the US new home sales proving to be a positive surprise, traders who are still holding short dollar positions are likely to continue adjusting their positions this week.

Unless the statement offers fresh indications that the US Fed will continue its rate hikes going forward, the current rebound will come to an end sooner rather than later.