Headlines:

Markets:

• JPY leads, AUD lags on the day
• European equities larger; S&P 500 futures up 0.4%
• US 10-year yields down 3.8 bps to 4.086%
• Gold flat at $2,029.11
• WTI crude up 0.4% to $73.70
• Bitcoin down 1.6% to $40,825

It was a quiet session principally with minimal motion amongst main currencies. The greenback was largely steadier early on however is now mildly decrease on the steadiness as Treasury yields are slipping forward of US buying and selling.

10-year yields are all the way down to 4.086%, dipping slightly below the 200-day shifting common of 4.091% and that’s placing a little bit of a drag on the buck.

USD/JPY is now all the way down to 147.77 after having principally caught round 148.00, with massive possibility expiries seen on the determine degree. In addition to that, the motion amongst different greenback pairs is fairly muted. EUR/USD is flat at 1.0895 whereas GBP/USD is up simply barely to 1.2720 on the day.

As for commodity currencies, USD/CAD is down 0.1% to 1.3418 whereas AUD/USD is down 0.1% to 0.6595 reflecting gentle modifications. The latter continues to be affected by China’s ongoing woes, as regional shares had been routed as soon as once more after the PBOC determined to go away the LPR unchanged as we speak.

In different markets, shares are the largest beneficiaries with US futures main the cost – led by tech shares. This builds on the document shut within the S&P 500 on the finish of final week, with merchants seeking to construct on the break of the 4,800 mark.