Little appetite ahead of European trading today

Besides some potential positioning plays ahead of the key risk event, there won’t be much else to scrutinise in markets in the session ahead. So far, there is a lack of interest and appetite with major currencies being little changed for the most part.

The 15 pips range for EUR/USD today exemplifies the mood, with USD/JPY continuing to do a bit of a dance around 135.00 as traders are not able to find much conviction to reject or break back above the key technical level.

Steve Walker

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