Besides some potential positioning plays ahead of the key risk event, there won’t be much else to scrutinise in markets in the session ahead. So far, there is a lack of interest and appetite with major currencies being little changed for the most part.
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The 15 pips range for EUR/USD today exemplifies the mood, with USD/JPY continuing to do a bit of a dance around 135.00 as traders are not able to find much conviction to reject or break back above the key technical level.