There have been no new developments over the last few hours, fundamentally or technically, and conditions are likely to stay this way for another two hours until the early Swiss hitters appear.
EUR/JPY is holding above support at 100.20, USD/JPY is unable to bounce despite plenty of willing bottom pickers, the AUD has drifted slowly lower across the board dragged down by a soft NZD, and both EUR and GBP are having a well-earned break.
NZD/USD has been the main mover this session, dragged 50 pips lower by poor economic data.