Asian stocks were mixed in choppy trading ahead of holidays. In the FX market, price action remained subdued as many traders appear to have closed their books for 2014. Major currencies traded in tight ranges. Fed rate hike expectations have continued to support the dollar.EUR/USD traded in the 1.2218-1.2234 range. USD/JPY extended its gains and was not far off its 7-1/2-yr high of 121.86. A list of data to be released later this week is crucial for the yen. Dollar's broader strength saw AUD/USD fall to a fresh 4-1/2-yr low of 0.8096. NZD/USD was also under pressure; New Zealand's smaller-than-expected trade deficit didn't help the Kiwi.
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