It has been a very quiet morning so far after the US holiday overnight and traders are expecting any moves to be driven by the regional stock markets. The Nikkei is expected to open lower and this will see pressure on the JPY crosses continue.
Some light sell orders are noted in USD/JPY above 92.00 but bids are also evident around 91.40. EUR/JPY looks to have settled into a short-term 116.50-118.50 consolidation range.
