The Australian dollar was sold and yen bought earlier on the weekend news out of China:

AUD/JPY has since retraced nearly all of the 'gap'

AUD/USD is facing resistance around 0.73, ForexLive from Friday:

For today we may very well see a halt in proceedings, with much of Asia on holiday, Japan, China, Taiwan, Korea. Singapore and Hong Kong are in. (BHK is out Tuesday)