FX market staying very slow in Asia

We’ve had a reasonably busy week so the law of averages kicks in and we get a total non-event today in Asia. Take a break, get the chores done, and revert in a few hours when Europe gets going.

The EU summit enters its second day, and although no major pronouncements are expected, we do live in hope. There is also a raft of European data which might generate a bit of interest. I see no point in having any short-term positions at the moment, best wait for a bit of volatility to emerge.

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