Quiet session grinds to a close; Europe can expect the same

The Nikkei has rebounded a little to be -2.25% but the FX market has seen little or no action. Both the UK and US are closed today in the financial markets sector and that should ensure a quiet session in the rest of Europe. Levels to watch during European trade include the following:

• AUD/JPY: Daily lows at 96.90.
• AUD/USD: Important daily support levels near 96.00.
• EUR/GBP: Resistance forming at .8590/00.
• EUR/USD: Sovereigns noted selling near 1.3000 on last visit.

Based on the last 8 hours, none of these levels will be tested!