Headlines:

Markets:

  • USD leads, JPY lags on the day
  • European equities slightly higher; S&P 500 futures down 0.1%
  • US 10-year yields flat at 4.211%
  • Gold down 0.1% to $1,917.10
  • WTI crude up 0.6% to $80.61
  • Bitcoin down 0.1% to $25,962

It was a quiet session for the most part but things are starting to pick up now in the handover to North America trading.

Major currencies saw little appetite despite London coming back today while equities also looked more tentative after a bit of an optimistic start. US futures were up around 0.2% earlier on but are now down slightly as we see Treasury yields turn around as well on the day.

10-year yields were down to around 4.175% earlier on but are now flat at 4.211% and that is helping to underpin the dollar as well.

USD/JPY in particular is jumping up to around 147.00 from around 146.50-60 levels earlier in the day, while GBP/USD is retreating back to 1.2590 from a high of 1.2635 earlier in the session.

Outside of the two pairs, the dollar is little changed and stuck in narrower ranges against the rest of the major currencies. Even AUD/USD which was up to around 0.6455 earlier is now down 0.6420 but that represents a measly 35 pips range on the day.

With month-end and the US jobs report still the bigger focus points this week, there's still plenty to play for in the meantime.