The interbank market is up and running and the major pairings are unchanged from the NY close; EUR/USD 1.4925, USD/JPY 89.70, cable 1.6685 and AUD/USD .9335.

There might be a small possibility that the professional market was short USD/JPY going in to the APEC week-end amid speculation that there might be some announcements regarding the Yuan. These positions, if they exist, will probably be covered in early trade after no mention was made of the strength of the CNY (it cannot be easy to sit in a room and ignore an elephant for three days!).

Barring any USD/JPY readjustments, we should have a quiet start until the retail market opens in 2 hours and Tokyo shortly thereafter.