EUR/USD holding tight range in subdued Asian trading

The price action in the EUR/USD yesterday was certainly contained and as noted, the ECB rate cut was so well telegraphed it really had little negative impact on the Euro. That said the EUR/USD was not able to have another serious look at the 1.14 handle. Later in the day comments from the US President helped to push it back a little, but the upshot was a later close in the US at 1.1365. The range seen in Asia today has been covered by 1.1362 to 1.1386 and so as you can see; rather inconclusive right now. As you might also expect, trading has been subdued and the news flow has been minimal and of course pretty much all of Europe is closed today. There will not be much action stateside (barring any Trump comments of course) either, with the stock and bond markets closed later on. The EUR/USD is right now at 1.1369