EUR/USD is on the mend after absorbing heavy sales around the month-end fixing at 16:00 GMT. From lows at 1.2793, we’ve rebounded into the 1.2840s. Expect markets to be particularly thin this afternoon as dealersclose the book on a very volatile Janauary. I’d suspect algos to handle the bulk of the pricing from here on out ehich should see EUR/USD and EUR/JPY mirror the stock market barring any “tape bombs” (unexpected news events).