Did Christmas Come Early in Japan?

Good afternoon traders,

Being the week before Christmas, I’ve been keeping my eye out this week for visible signs of a lack of liquidity in forex trading markets. But funnily enough, trending price action seems to be continuing across the majors.

What is interesting to me however, is the EUR/JPY price action. EUR/JPY is a pair we’ve been trading for a while, but just look at that relatively tight, daily range that continues to unfold:

EUR/JPY Daily:

Click on chart to see a larger view.

Being on the higher time frame chart and dating back to the September breakout, of course this actually has nothing to do with Christmas period trading conditions, but it’s still fun and interesting none the less.

Are you still trading forex throughout the Christmas/New Years period?

Best of probabilities to you!

Dane Williams – Vantage FX

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Source: Vantage FX Blog