Asia Markets: Currencies in Limbo as trading slows

Currencies are in limbo as holidays in most of Asia made for thin trading, while traders braced for a packed week of central bank meetings that would offer the latest guidance on future rate hikes across continents.

Activity in the foreign exchange markets was subdued due to the Labor Day holidays in Singapore, Hong Kong and mainland China.

Meanwhile, Japan remains open despite May Day holidays.

The Japanese yenslid 0.26% to 136.63 per dollar on Monday, extending its post-BOJ slump.

The Bank of Japan (BOJ) on Friday stood pat on its monetary policy, sending the yen 1.7% lower in the biggest daily drop since early February.

Reuters/Hauwa Abu