Forex news for Asia trading Thursday 23 November 2017

Asia got an early jump on the US Thanksgiving Day holiday with not too much movement in forex.

Data flow was light, with New Zealand Q3 retail sales (a beat but well down on the blowout result in Q2), Singapore Q3 GDP and a few other items only.

News flow was light indeed.

The NZD popped a few points higher on the retails sales report. There was only 10 or so points in it for NZD/USD and it soon fully gave it all back before drifting 10 points the other way. AUD/USD has also had a tiny range on the session.

Yen crosses were a little more active, EUR/JPY triggered a few stop loss sells under its overnight lows (very late NY time lows) and then rapidly (in the context of the session at least) bounced back for a range of around 60 points.

USD/JPY dropped a few points at the same time and bounced at the same time, for a range of around 30-odd points.

EUR/USD is net 15+ points up from its lows on the session. USD/CHF is barely changed while Cable has ticked up a little from early lows in a small range.

Europe/UK time should provide some activity, reminder - its ECB Minutes day:

US markets will be closed for the holiday.