JPY crosses

JPY crosses slightly higher as fiscal cliff decision delayed

There is still reportedly some significant distance between the two main US political parties and we won’t be getting any decisions today. Talks will recommence tomorrow morning US time.

Looks like the intraday interbank market was positioned slightly short of the Yen crosses and we’ve seen a modest jump over the last 20 minutes.

I’m guessing it will be quiet from here.

 

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