The EUR is the strongest and the JPY is the runaway weakest of the major currencies. The USDJPY is up over 1% on the day and in the process has extended to test the swing high going back to June 2015 at 125.851. The price is trading at the high for the day at 125.74 currently. A move above that level will take the price to the highest level since May 2002.
US CPI will be released on Tuesday and PPI will be released on Wednesday. The CPI is expected to rise 1.2% on the month and to a new 40 year high at 8.5%. The PPI is expected to rise 1.1% on the month and 10.5% YoY.