ForexLive North American wrap: Smoke from the Eurogroup chimney

Dijsselbloem confirmed to lead Eurogroup Obama sworn in for second term House to vote on debt ceiling extension Wednesday Grilli: Italy won't need budget cuts this year ECB's Noyer says nobody now doubts the euro can survive ECB's Weidman: Competition to devalue FX has been avoided so far Fekter says talks on ESM bank recaps ‘won't go fast' Spain looking to tap 10-year market Canadian Nov wholesale sales +0.7% vs +0.5% exp Canada's TSX up 0.5% to 12785 JPY leads, GBP lags The US was closed for holiday and the market is hunkered down for the BOJ decision so it was a predictably quiet session. USD/JPY fell to 89.35 in Europe but slowly climbed to 89.89 but a low liquidity air pocket cut gains back to 89.65. The euro was DOA -- stuck between 1.3305 and 1.3325. Looks as though bids are building up around 1.3300 with stops below. Cable touched the lowest since September in the seventh consecutive day of losses for the pair. Bids ahead of 1.5800 confined the lows to 1.5807 and the pair rebounded to 1.5828.