{"id":65786,"date":"2014-12-29T02:12:58","date_gmt":"2014-12-29T07:12:58","guid":{"rendered":"http:\/\/countingpips.com\/?p=65786"},"modified":"2014-12-29T08:53:32","modified_gmt":"2014-12-29T13:53:32","slug":"quiet-trading-leads-to-consolidation","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/12\/quiet-trading-leads-to-consolidation\/","title":{"rendered":"Quiet trading leads to consolidation"},"content":{"rendered":"
December 29, 2014<\/div>
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Article by ForexTime<\/a><\/p>\n

USD\/JPY opened the Asian session at 120.41 after topping out on Friday in the US on light profit taking on longs. The USD\/JPY traded down to 120.32 in early trading before catching a bid out of Tokyo. EUR\/JPY and AUD\/JPY buying by Japanese investors underpinned the USD\/JPY, as risk appetite in Asian was relatively buoyant as the Asian ex-Japan Equity Index moved over 1.0% higher and the Nikkei moved close to 0.50% higher. The EUR\/JPY traded up to 146.99 at one stage and the USD\/JPY traded up to 120.61 before topping out in quiet trading. The USD\/JPY was trading around 120.50 heading into the afternoon session while the EUR\/JPY settled around 146.80<\/p>\n

EUR\/USD The EUR\/USD opened the Asian session at 1.2178 after slipping lower in NY on Friday in very quiet trading. The EUR\/USD traded to 1.2168 in early Asia before getting a lift from EUR\/JPY buying out of Tokyo that took the cross as high as 146.99 from the NY Friday close at 146.61. The EUR\/USD traded up to 1.2194 before sellers ahead of 1.2200 discouraged attempts higher. The EUR\/USD was trading around 1.2188 heading into the afternoon session while the EUR\/JPY settled around 146.80.<\/p>\n

AUD\/USD The AUD\/USD opened he Asian session at 0.8124 after a very quiet US session on Friday. The AUD\/USD was under some pressure early in the Asian session when AUD\/NZD traded to a fresh 9-year low at 1.0446. The AUD\/USD traded down to 0.8110 before talk of decent option related buying between 0.8090\/0.8100 discouraged attempts lower. The AUD\/USD started to get a lift from AUD\/JPY demand when Asian equity markets moved higher through the morning. The MSCI Asia ex-Japan Equity Index was up over 1.0% late in the morning and helped push the AUD\/JPY up to 97.98 from the NY close at 97.64. The AUD\/USD rose to 0.8137 and was trading around 0.8135 heading into the afternoon session<\/p>\n

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\"Forex-Time-Logo\"Article by ForexTime<\/a><\/span><\/strong><\/p>\n

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Article by ForexTime USD\/JPY opened the Asian session at 120.41 after topping out on Friday in the US on light profit taking on longs. The USD\/JPY traded down to 120.32 in early trading before catching a bid out of Tokyo. EUR\/JPY and AUD\/JPY buying by Japanese investors underpinned the USD\/JPY, as risk appetite in Asian […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-65786","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/65786","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=65786"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/65786\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=65786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=65786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=65786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}