The mood remained positive as the major equity indices in Asia headed higher this morning, taking the cue from the positive closes from the US markets. Concerns over the potential damage caused by Hurricane Irma appear to have eased and the North Korean issues remain at least something that resembles to an "on hold".

Luckily the fears that North Korea may conduct further nuclear tests on September 9th, its founding day, did not materialise.

The US Dollar was seen higher yesterday following a previous week of declines. This morning the US Dollar index (DXY), tracking the strength of the USD against a basket of currencies, was seen higher as well.

USDJPY has now recovered to 109.40, following Friday's lows of 107.30 but for today's's TraderTip expects moves higher to find resistance in the region of 109.44/109.94 and to potentially retrace to 108.96/108.68 after that.

Later today we are expecting the data for UK CPI for the month of August and House Prices Index for the month of July. The British pound is mostly higher across its major counterparts this morning.