 Trading has been characteristically subdued in the Monday's Asian session. Japanese Yen is have a broad but weak recovery, with no clear indication of a reversal from its recent selloff. Australian and New Zealand Dollars are also mildly firmer, following rebound in Asian stocks. Meanwhile, Swiss Franc and Euro are among the softer currencies, while British Pound and Dollar are mixed. Activity in the markets is likely to remain low, compounded by the holidays in both the UK and the US. However, traders are expected to return with heightened focus as significant inflation data from the US, Eurozone, Australia, and Japan are scheduled for release, alongside other important economic indicators from Canada, Swiss and China... |
