Very quiet Asian session ahead of risk events tonight
Absolutely nothing to report from today’s ‘excuse’ for a trading session. AUD/USD took out light stops above 1.0415 but immediately ran into sell orders at 1.0420 and retraced to opening levels. USD/JPY edged higher early but the level of interest was very low; and the prospect of ACBs buying near 1.2920 in EUR/USD dissuaded the bears from having another downside run. Perhaps the Europeans can come up with a reason to trade, let’s hope so.