Asia Session - July 10, 2009 1:20 AM

Asia ended the week in a rather quiet fashion today, with no notable data on the docket and no real news to drive the markets, many traders seemed to be relegated to the sidelines as spectators only. Regardless of the fact that US equities were higher earlier, Asian stocks were mixed early and risk aversion was ever so slightly apparent as the Yen and Dollar both took steps higher in thinned trading. EUR/USD continued south after hitting a weekly high of 1.4070 in NY, the pair entered the day at 1.4020 levels, and touched just above 1.3960 on the downside. GBP/USD was softer as well, dropping about 70 pips to its low of near 1.6268. The Pound reversed to just short of 1.6325 as the day progressed and Asian stocks looked to end a losing week higher for the day. Full text »