It’s hip to be square
I think this is a very good time to have no positions in the FX market. These risk events like the current debt-deal showdown can evolve into all sorts of mayhem so it’s much better in my risk-averse view, to stay out of the market.
I stopped out of my EUR/JPY position overnight, taking an 85 pip loss, and have no interest in getting involved again until the dust rises and settles again.
RBA meeting minutes are main item on economic calendar.