The modifications amongst main currencies are comparatively gentle as we glance in direction of European buying and selling at this time. The aussie is a slight mover, constructing on the stark rebound yesterday in US buying and selling. Of notice, AUD/USD bounced off its December low and 100-day transferring common at 0.6525-30 however is now buying and selling again to its earlier consolidation zone close to 0.6600.
Apart from that, different greenback pairs should not actually seeing an excessive amount of motion up to now on the day.
USD/JPY stays one to look at although after falling to over two-week lows and testing 146.00 yesterday. That comes after a steep decline in Treasury yields as soon as once more, which is maintaining issues extra sophisticated this week.
By way of information releases, there are no notable ones on the agenda in Europe. As such, all the main target and a focus can be on the US jobs report arising later.
However as talked about earlier, there are additionally other things brewing in markets as we glance to wrap up the week. Equities look buoyed with US futures sitting greater, persevering with the rebound from yesterday. In the meantime, Treasury yields look steadier however all of that would change as soon as we get to US buying and selling once more later at this time.
