If you look at a tin can, you can pretty much tell if its open. Not so the FX market
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As the NZ market cranks up to begin on a Monday morning, that’s generally accepted as the week’s opening. Interbank market liquidity is very thin; liquidity improves as more Asian centres come on online, Australia will be next in a few hours, followed by Tokyo.
Monday morning FX 8 February 2016 – foreign exchange prices, early indications
