Market talk of a snap election in Japan and a possible delay in the planned Sales Tax in October 2015 , coupled with a fall in Japanese confidence readings saw the JPN trade through the 116 barrier to post a seven year low ( curr.115.78). The carryover JPY weakness saw the USD traded slightly better versus its major pairs overnight.  Overall economic calendar is light today ( Veteran’s Day in the US ) , with some confidence indicators from Australia and credit indicators from China later this evening.