FXstreet.com (London) - Emperors Holiday in Japan today killed the currency markets. There were no significant moves across any well-traded pairs. Dollar was mixed in terms of ups and downs, but generally traded flat on no volume.

Eyes in Europe will turn to BoE minutes this morning. Investors will be looking at language and any indicators on the unwinding of economic stimulus and the reigning-in of the QE.

NZD was the only real story of the session, dropping off slightly on weaker than expected GDP figures. However the economy is still growing according to the output measure and Central government reiterated this fact.

London will open with little cues, looking to the BoE minutes, due to be published at 09.30 GMT. The minutes will likely reiterate caution and a tempered if slightly bullish outlook for the British economy, which has just recently come out of recession.

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