Very little to report from Asian session
- Chinese New Year holiday, with all major financial centres closed except for Sydney.
- Yen gained some ground primarily on back of AUD/JPY selling.
- Market suspects that Japanese officials will ease back on Yen-bearish rhetoric as G20 approaches.
- One of candidates for BOJ Governorship says that easing policy is justified (obviously not listening to market).
- Yen moved back to opening levels and EUR/AUD has been main session mover, up around 50 pips on the day.
- Japan returns tomorrow, Singapore on Wednesday, HK on Thursday and China is closed all week.
Hello Sean,
Quite a few opportunities in eur/usd, eur/aud this week.
I am thinking cable longs around 5720-30 for 5835-45? and eventually 5880-5920.
Will that long work out until the inflation report, reading of which is supposed to be pound sober reading and slightly bullish?
Thanks Hitesh, you have been unanimously elected as designated reader of inflation report 🙂