Tokyo, Hong Kong, Singapore and China picked a good day for a holiday, didn’t they?

Very quiet out there.

(What would be a good prize for the first person to pick the obvious flaw in that statement? :-))

As you would expect, there are very few customer flows in this timezone today, its been illiquid and choppy. What few flows there have been have pushed prices further than would be normal, hence the choppiness. There hasn’t been much in the way of fresh news either.

We await Europe …