The economic calendar has the RBA quarterly statement and the Chinese trade balance to whet our appetite, but I’m not sure they are going to move the market much. It’s risk-off Friday in Asia, but I don’t think too many traders have a lot of risk on at the moment, so that might also turn out to be a damp squib.
The Yen finally decided to move last night and after many attempts at shocking the market higher, it looks like the softly-softly MOF stealth approach might show more success. Just don’t expect any big momentum moves in Asia, we usually sit back and consolidate whatever happened overnight.
Good luck today and TGIF.
