A very quiet session overnight doesn’t bode well for any excitement in Asia. EUR/USD still looks like the most likely mover and I’m hearing of some large knock-out options at 1.4500 which will probably attract the market as Christmas approaches. It looks unlikely that we will see anything other than the usual 40 pips move here in Asia. I’m still short AUD/USD but the performance is very disappointing. In USD/JPY, until something changes markedly, I’m still a seller on rallies.
Good luck today.
