FXWW News/Open/Wrap

Very quiet in Asia with China and Australia closed

  • USD/JPY has looked like the pair most likely to move with heavy stops touted below 96.50 but the bids between 96.70/90 are reportedly very solid indeed;
  • The NZ FinMin took advantage of the quiet markets to try and talk down the NZD, saying that it’s “still too high”;
  • Markets still expect some sort of a resolution out of Washington in coming days, hence the lack of panic and nobody seriously contemplating a default;
  • Not much of note on the European economic calendar.

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