A large degree of calm has returned to the FX market over the last few sessions. Asia again got sterling going in the wrong direction yesterday on base-less rumours but today is likely to be all about the JPY crosses. Tokyo returns for a 1 day guest appearance as they are off again from Mon-Wed next week. We may see some risk being taken off the table ahead of such a long break and pairs like AUD/JPY will be the main focus.

Good luck today and TGIF.