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Volume Light Asia-Pac Session

FOREX

Desks flag a particularly light round of Asia-Pac interbank FX trade (~40% below already depleted recent norms), with the observation of a holiday in Japan providing an obvious headwind for turnover.

  • Furthermore, the same desks suggested that participants are fairly non-committal when it comes to the USD, given the swings and data seen already this year, with an eye on Thursday’s U.S. CPI release for the next meaningful U.S. data input.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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