ForexLive European FX news wrap: Tentative markets, USD/JPY retests 145 mark | Forexlive


Headlines:

Markets:

AUD leads, JPY lags on the dayEuropean equities little changed; S&P 500 futures flatUS 10-year yields down 2.1 bps to 3.996%Gold up 0.2% to $2,034.09WTI crude up 0.1% to $72.35Bitcoin flat at $45,400

It was a quieter session for the most part as we’re now caught in the lull period before the US CPI data tomorrow.

There were few notable headlines and market action was more or less subdued for the most part. The dollar nudged a little lower at the balance as did Treasury yields, with 10-year yields hovering just below 4% for now.

That helped to see stocks nudge a tad higher earlier on but overall, we’re seeing European indices and US futures keep little changed now. The push and pull hints at a more tentative undertone as we are all waiting on the inflation numbers tomorrow before really getting moving.

USD/JPY is keeping higher though, holding around the 145.00 mark with large option expiries also in play at the figure level. That has been a key resistance point for the pair as well, so we’ll see if there is appetite for traders to chase anything above that this week. However, it will all come down to what the US CPI data has to say on Thursday.

Besides that, Bitcoin is seeing price action consolidate after the whole ETF fiasco yesterday involving the hacked SEC Twitter account. Price is keeping just above the $45,000 mark with little appetite as we await the imminent approval, which should come later in the day in the US.



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