After a choppy morning session, I’d expect dealers to stay fairly close to the sidelines which should keep markets thin for the balance of the day.
When markets get thin, moves can be biog, and seemingly random.
Unless you have a strong view, I’d suggest avoiding trying to job the market for pips this afternoon…
EUR/USD is trading now in the mid 1.3440s, USD/JPY is consolidating gains around 83.00. GBP/USD is licking wounds after taking a kicking as GBP was sold to fund an Irish bailout payment today, we hear…It now trades at 1.5867.
