State of the Market: the holiday mood remains on the market

Trading on Tuesday on the major currency pairs are very restrained, remaining limited by holiday mood and low trading volumes. Trading in the Asian session also remains limited due to the day off in several Asian countries. This low activity is likely to continue in the European session, as the main European venues are also closed today.

The growth of activity should be expected with the opening of the American session due to the publication of data on the United States.

After the publication of the news block on Japan, the yen is trading quite restrained, despite very positive data on the growth of inflation in Japan. Despite this, the dynamics of the yen and the Asian market remains low due to the low volume of trading.

Hanzenko Anton