Article by ForexTime
Currency markets were very quiet on the last trading day of the year in Asia. Tokyo was closed so this added to the low trading volumes.
USD/JPY opened in Asia at 120.53 after another dull US session with a narrow range. During the Asian morning the range was 120.42/56. The pair has moved within about 50 pips this week. It is unlikely that it would move outside recent ranges on the last trading day of the year.
EUR/USD opened in Asia at 1.0931 after a choppy US session. Support at the key 1.0900 level seems to have held well this week. The pair has traded a range of 1.0898 and 1.0942 this week.
GBP/USD barely moved after opening at 1.4811 and rose to 1.4827.
AUD/USD opened in Asia at 0.7288 after failing at 0.7303 for second day in a row. It reached a high of 0.7308.
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NZD/USD saw small movements from a session low of 0.6830 to 0.6854.
In equity markets, the Tokyo Nikkei was closed today. The Shanghai Composite was flat and the Australian ASX was minus 0.11% in late morning trading.
The European session is expected to be quiet, with no data and Germany being on holiday. The US session will see the release of US jobless claims.
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