FXWW Asia Open Briefing 18-09-2013

The stronger NZD is the most noticeable change overnight but otherwise the market remains quiet ahead of the Fed. The committed day-trader will continue to look for 30 pip trading opportunities but the rest of us can enjoy a few more quiet sessions before the Taper-storm hits. Price action is still bearish on the USD in my opinion and I see no reason to change my view (but I will of course reduce my risk ahead of the event).