In London it was another rangebound day for the US Dollar, which moved very little when paired with the Euro on what amounted to a very quiet day of trading. The US markets were closed for the American Labor Day holiday, opening the door for other national currencies to move. The upward direction of the Yen could be attributed to information regarding the record high expenditure of corporate capital in Japan. Friday put out weak data from the US, which caused many to think that US interest rates have gone as high as they are going to go. Conservative traders are waiting for more data on moderating inflation before deciding on which way to jump with US greenback pairings.