Asian markets are generally open throughout the Christmas period but activity usually winds down dramatically. Japan had a day off yesterday and many will avail themselves of a long weekend so I do not expect any dramatic moves today.
The AUD remains very strong and there is a feeling in the local market that some big business needs to be completed before December 31st. With liquidity markedly reduced, we may see more gains there. The CHF finally showed some weakness overnight but I have no confirmation yet of any SNB activity. USD/JPY has taken on a soft tone and I would not be surprised to see recent lows at 82.30 challenged sometime today.
Good luck today and TGIF.
