AUTOREFRESH 
JPY, USD little firmer in sluggish Asian trade
Not too much action overnight in Asia. JPY and USD have made some marginal gains, EUR/USD down at 1.3980 from a North Americn close Thursday around 1.4035, while EUR/JPY is down at 129.90 from around 130.50.
After this weeks frenetic activity, probably quite a few glad this week is nearly behind us.
The market will have noticed the Citibank technicals sell recommendation in EUR/USD, which will have weighed a little. Risk sentiment also remains a little fragile, despite yesterdays improvment. We’re kinda in a middle place, with the market not too sure what comes next.
At least the Bank of Korea is in optimistic mood, revising up the country’s GDP forecasts.
USD/JPY is steady, effectively unchanged around 93.00. Everyone is aware of the very large 93.20 option expiry Monday, and expectations are for USD/JPY price action to stay in close proximity of said level between now and then.
With that in mind soures report buy orders down at 92.70/80, sell orders up at 93.50/60.
Some European data today, but it’s effectively second tier and unlikely to ellicit much of a market reaction.
EUR/CHF has ticked higher in very early European trade. SNB’s Roth in a newspaper interview has reiterated the banks’ determination to arrest the swiss francs’ appreciation in order to avoid deflation.
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