We’ve drawn the short straw here in Asia in recent weeks with some very tight trading ranges and today is unlikely to be an exception. The economic calendar is also very bare.

EUR/USD support held again overnight but it’s difficult to see massive gains appearing from somewhere. My overall bias remains slightly bullish but that’s more a factor of my USD-bearishness than any strong belief that the EUR is greatly undervalued. USD/JPY failed again at 84.50 and it is also struggling to maintain bullish momentum and the one trend that is quite consistent is the strength in the CHF.

Sock drawer tidying today, just in time for Christmas.