FX market steady heading into European open

Tuesday, August 25, 2009

Wed, Aug 26 2009, 05:12 GMT
http://www.forexlive.com

It is difficult to see where any major moves are going to come from in the next few days. Asia has opened at pretty much the same level every day this week and has then had a rangebound trading session. Much of the pre-election JPY buying is now thought to be complete so a minor rally in the JPY crosses remains a possibility. Stock market sentiment remains positive, which will also favour the traditional risk trades.

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