Unanswerable question. We have manufacturing data coming in, plus Fed members opening their mouths. It will be risk-on AND risk-off.
Trivially answerable - The market will be risk on if Trump does not shitpost on twitter. The market will be risk off if Trump so much as mentions what he had for breakfast on twitter.
Risk on/risk off is the most important question in forex. Forget iron ore mining tonnage in Australia, forget the NZ GDP, ignore what the Japanese PM says (he can't change anything anyway), assume whatever the ECB does will be too little too late, never listen to any news from Switzerland (because there isn't any) - but DO NOT ignore risk.