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The week in forex trading began with no big moves: EUR/USD is now at 1.3348, GBP/USD is at 1.4884, USD/JPY is down to 90.83, and USD/CHF is at 1.1162.

Today could see light trading, due to a holiday in the US.  

In Japan,  BOJ Governor Masaaki Shirakawa is speaking in parliament and laying out the plans of the central bank.

In Britain, the  Rightmove HPI fell by 1.9%, less than last month’s fall. Later on today, the yearly  Retail Sales in Switzerland will be published. In Europe, a speech by Trichet is due, and in Canada,  Foreign Securities Purchases will be released later on.

A major figure is expected today only in New Zealand: the quarterly CPI is expected to fall by 0.4%.

All in all, light trading is expected today, before Obama’s inauguration tomorrow. Lots of other economic figures are expected tomorrow.