FXStreet (Mumbai) - Public holidays in Japan and the US make for a quieter start in the Asia, with limited movements across the FX board amid low volumes. However, the sentiment around the riskier assets remains lifted as oil prices extend their upward trajectory into a new week. Key headlines in Asia BOJ's Kuroda: Inflation dynamics as anticipated BoC's Poloz: Overstatement to say IMF forecasts gloomy Dominating themes in Asia - centered on JPY, AUD, NZD Risk-on rally in the equities was witnessed across Asia as higher oil prices boosted the risk-sentiment. While liquidity remained thin as Japanese traders remain absent on account of a public holiday today. USD/JPY traded around a flat-line on the 120 handle, with the downside supported at the hourly 100-SMA while the gains limited by a broadly weaker US dollar. The Antipodeans saw mixed trading, with the Aussie slightly offered on profit-taking, in line with lower Australian stocks. AUD/USD now trades -0.10% lower at 0.7335. While the Kiwi struggles to extend beyond 0.67 handle, clinching gains on oil price rally. The NZD/USD pair rises to 0.6702, up 0.11% so far. While out of the commodity-currencies, the Canadian dollar emerged the best performer, mainly driven by higher oil prices. WTI rallies +1.40% to 50.11 while the Brent oil jumps 0.86% to 53.37. Meanwhile, USD/CAD drops -0.23% to 1.2917, miring near lows. Among Asian indices, Australia’s S&P ASX index drops -0.82% to 5,236. While the Chinese markets rise sharply higher to 3,290, +3.38%. Hong Kong’s Hang Seng follows suit and extends higher to 22,757, gaining 1.33%. Heading into Europe & the US An absolute data-empty European session to kick-off an eventful week ahead, with the inflation data from both sides of the Atlantic to dominate the financial markets. Looking towards the North American session, Fed officials’ Lockhart and Evans are scheduled to deliver speeches at their respective events. While BOC Governor Poloz is due to deliver a speech titled "Integrating Financial Stability into Monetary Policy" at the National Association for Business Economics, in Washington DC. The Canadian and the US markets are closed today in observance of Thanksgiving Day and Columbus Day respectively. EUR/USD Technicals Valeria Bednarik, Chief Analyst at FXStreet noted, “With the pair trading 100 pips below the critical resistance, the daily chart shows that, despite the price is above its moving averages, the indicators lack directional strength and remain horizontal. In the same chart, the RSI indicator presents a bullish slope around 60, whilst the Momentum indicator has lost its upward strength, but holds above its mid-line, all of which supports additional gains for this Monday.” “In the 4 hours chart, the 20 SMA maintains a bullish slope well below the current level, whilst the technical indicators have lost their upward strength, but hold near overbought levels. The pair needs now to advance beyond 1.1426, to test the critical resistance area around 1.1460, with a break above it, confirming a bullish continuation during the upcoming sessions.” For more information, read our latest forex news.