Quiet session expected with Tokyo still closed

Japanese financial markets will be closed again today and after relatively quiet sessions in Europe and North America, we can expect similar fare.

The break-up level in USD/JPY yesterday was at 91.60 and we can expect good support at this level first up. The AUD/USD still looks a bit tired and with commodity prices still slipping, we may see another test down onto the .85 handle. Elsewhere amongst the majors, range trading can be expected.

Good luck today.

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