- Japan’s Q3 GDP likely to be revised higher
- Worries persist about Greece’s debt situation
- IMF urges China and HK to rein in house prices
- Regional bourses +0.2% on average
- Gold steady $1392/oz
Shockingly slow trade in Asia with no flows and no interest being shown in any markets.
Talk of decent sized sell orders in the EUR/USD between 1.3230/50 have weighed on the pair but with the NY market already short ahead of the orders and hoping to buy dips, movement has been negligible. Ranges: 1.3194/1.3222
USD/JPY has drifted lower, mainly on the usual Friday risk-averse AUD/JPY selling. Ranges: 83.68/89
AUD/USD has again been the most volatile pair during Asian trade but a 33 pip range tells the whole story, .9741/74
Sterling has also been without interest with cable trading 1.5582/1.5605 and EUR/GBP .8463/80.
