The risk mood is on the more positive side to start the day but there's not too much appetite in major currencies for now. The dollar is lightly changed with dollar pairs holding narrow ranges, all within 0.1% change as we get things going in European morning trade.
USD/JPY remains the more interesting one with the pair having run up to a high of 151.20 earlier but the move was denied by the 100-hour moving average. The pair is now trading flattish, with traders having to balance out lesser political uncertainty in Japan against the backdrop of Sanae Takaichi's premiership.
Besides that, EUR/USD continues to hold closer to its 100-day moving average of 1.1650 after the run up last week was dealt a setback on Friday. Overall, major currencies remain largely cautious amid a mix of having to watch out for US-China headlines, the US government shutdown, and waiting on the FOMC meeting decision later this month.
