As soon as once more, it has been a moderately boring session to date in European morning commerce. Main currencies will not be doing a complete lot, having little to work with basically this week. The greenback is regular on the day, buying and selling close to flat ranges towards the euro, yen, pound and loonie at present. Of observe, USD/JPY continues to do a tango in and across the 150.00 mark this week:
USD/JPY hourly chart
The dearth of developments within the bond market is not serving to with that regard as effectively. 10-year Treasury yields are down 1.5 bps to 4.26% now however stays pinned in between 4.20% and its 100-day shifting common of 4.33% within the greater image.
For buying and selling in the present day, the main focus turns in the direction of the FOMC assembly minutes launch subsequent. That may assist to supply one thing for merchants to behave upon and to get out of this rut.
Moreover that, maintain a watchful eye on shares as there are some jitters persisting since yesterday. Nvidia earnings is within the highlight and that may come after the market shut in the present day. US futures are down once more although, with S&P 500 futures decrease by 0.2% and Nasdaq futures down by 0.4% at present.
