Quiet start to Asian trade

Looks like we may be in for a very quiet day today, with all of the majors trading in 10 pip ranges so far this morning. Tokyo traders should be getting seated fairly soon, perhaps they can add a bit of something to market. Dealers are quite bullish on EUR/JPY with some expecting that the rally could at least test a daily high at 105.70. Unlikely that will happen today though, with interbank range expectations broadly falling between 103.00 and 104.15.