Besides some potential positioning plays ahead of the key risk event, there won't be much else to scrutinise in markets in the session ahead. So far,
Besides some potential positioning plays ahead of the key risk event, there won’t be much else to scrutinise in markets in the session ahead. So far, there is a lack of interest and appetite with major currencies being little changed for the most part.
The 15 pips range for EUR/USD today exemplifies the mood, with USD/JPY continuing to do a bit of a dance around 135.00 as traders are not able to find much conviction to reject or break back above the key technical level.
Elsewhere, US futures are also little changed with S&P 500 futures flat and Treasury yields are also not doing much on the day. 10-year yields are up 1 bps to 2.794% but is still keeping below its 100-day moving average at 2.871%. That will remain a key level to watch if bond sellers return after the US CPI data later today.
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