ForexLive Asia-Pacific FX news wrap: Subdued in Asia with the US market holiday

The
July 4 Independence Day holiday long weekend in the US sapped
interest during the Asian time zone today. Major FX ranges stayed
confined mainly to lacklustre ranges.

USD/JPY
did drop under 135.00 again during the session. Lows under 134.90
were rejected though and as I update USD/JPY is back just over
135.00.

Bitcoin
was fairly steady (for crypto) over the weeknd. BTC/USD did manage to
rise above $19500 on Sunday (US time) but has since dribbled back to
be circa $19200 as I post.

A
notable news item from the weekend was a warning for the head of
Germany’s trade unions of the ‘permanent’ collapse of industry
should Russian gas supplies be cut. This is not really ‘news’ to
anyone, but its indicative of mounting fear.

US
futures hours at the CME for the holiday weekend: