Asia has largely had a day to forget, and to say traders have been largely sidelined is an understatement

Asia has largely had a day to forget, and to say traders have been largely sidelined is an understatement. Whether this is just because of today's US payrolls is debatable, as I get the sense that this is a market that is really keen to see a genuine improvement in US data again and look to regain the momentum the economy was building prior to the polar vortex. Traders are now seeing fragmentations in the stance among G10 currency central banks again and are trying to differentiate those who are thinking about rate hikes and those who could become more loose. (VIEW LINK)