Fairly quiet Monday morning as holiday period begins

  • AUD/USD is back below 1.0400, with dealers still reporting stops below 1.0380 in thin trade:
  • EUR/USD is reacting to fiscal cliff headlines and progress (or lack thereof):
  • EUR/USD buyers still reported towards 1.3120:
  • Italian PM Monti confirms he will not seek re-election:
  • Japanese PM elect Abe was extensively quoted in weekend press upping the pressure on the BOJ:
  • Abe’s comments re USD/JPY, that rates 85+ would greatly help exporters, are unlikely to get bulls too fired up seeing as we are trading at 84.40:
  • Shortened session today in many centres due ┬áto holidays but Japan will be open.

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