The 4th of July Independence Day long weekend in the United States sapped interest in the Asian time zone today. The main FX ranges remained confined mostly to lackluster ranges.
USD/JPY fell below 135.00 again during the session. Lows below 134.90 have been rejected and as I updated USD/JPY is back just above 135.00.
Bitcoin was quite stable (for crypto) over the weekend. BTC/USD managed to break above $19,500 on Sunday (US time), but has since fallen back to around $19,200 as of the time of my post.
Notable news over the weekend was a warning to Germany’s union chief of the “permanent” collapse of the industry if Russian gas supplies were cut off. This isn’t really “news” to anyone, but it does point to growing fear.
US futures hours at CME for the holiday weekend: