FX trading in Asia has been a little range bound today, albeit in bigger ranges than usual, which is not surprising after the moves we saw overnight. On top of that you have probably had some profit taking as well as those looking to trade the usual Asian session retracement of the overnight moves. Expect more of the same for the remainder of the afternoon until Europe step up to the plate and decide where they want to take it.
After a big move like last night there is nothing wrong with sitting back for a day or two and digesting the moves before coming out all guns blazing once again.
