FX liquidity still feels thin today as the holiday season and lack of economic events leaves the market rather subdued. During the Asian session, Japan's latest monetary policy meeting minutes were released - both for the regular 15-16 Nov meeting, and the unscheduled 30 Nov meeting. The BoJ underlined that the Japanese banking sector was not struggling with funding issues themselves, but added that the possibility could not be ruled out. As a reminder, the BoJ took part in coordinated action along with a number of other global central banks to provide swap lines to financial institutions back on 30 Nov.
Risk sentiment has been somewhat lower during overnight trading hours, with Asian equity indices all lower on the day. The Nikkei is down -0.5% and Shanghai Composite trading lower by -1.1%. The Hang Seng along with a few other indices in the Asia-Pacific region remains closed for the holidays. Unsurprisingly, with so many European countries on public holidays and no market-moving news released, EURUSD is largely unchanged on the day at 1.3070 levels.
Coming up in today's session, the economic calendar is very light - especially during the European morning. In the afternoon, US data picks up somewhat with the release of December consumer confidence, the Richmond Fed manufacturing index, and Dallas Fed manufacturing activity survey.
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