Asia-Pacific FX trades in tight ranges amid quiet summer session

Currency markets in the Asia-Pacific region experienced exceptionally narrow trading ranges during Tuesday's session, with major pairs confined to tight consolidation patterns. USDJPY held within a 30-pip range around 153.20, while AUDUSD fluctuated minimally near 0.6550. The subdued price action reflects typical summer trading conditions with reduced liquidity and absence of significant economic catalysts. Regional equity markets showed mixed performance, providing little directional bias for currency movements. Traders appeared reluctant to establish new positions ahead of key risk events later in the week, including central bank decisions and economic data releases. Technical analysis indicates major pairs are respecting recent support and resistance levels, suggesting range-bound conditions may persist. The lack of volatility presents challenges for momentum-based strategies while potentially offering opportunities for range traders.