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Forex Trading: Asian Session Recap and Ranges

Posted by Akhilesh Ganti on May 26, 2013 11:00:00 PM

A quiet start to the trading week with the US dollar range bound -vs- the majors. USD/JPY sold off to session lows on the heels of the BOJ minutes but has since rebounded to the 101 area. Holidays in the UK and US are likely to dampen liquidity which could exacerbate any potential moves. The NIKKEI225, which has garnered a decent amount of attention from FX traders recently, is lower by over 3% but that doesn't seem to have had much impact on the currency market so far.

052713

 

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