A quiet session so far with the Japanese yen the only notable mover
Tight ranges all around, with the exception of yen pairs. The yen gained early in the Asian session, and has held on to most of its gains on the day so far. There's not much in the news to have sparked the news, but Eamonn had a post here covering on what could have caused the spike.
Meanwhile, other major currencies are pretty much in a lull after yesterday's wild ride post-FOMC minutes. Here are the ranges against the dollar:
- EUR/USD - 21 pips
- USD/JPY - 63 pips
- GBP/USD - 21 pips
- USD/CHF - 17 pips
- USD/CAD - 15 pips
- AUD/USD - 17 pips
- NZD/USD - 13 pips
US 10-year yields are hovering at 2.94% still, just off the highs yesterday. Meanwhile, in equities we're seeing the Nikkei down 1.12% and Hang Seng down 1.02% on the day - following yesterday's turnaround which saw US equities fall.
Chinese markets are back in action today, and the Shanghai Composite and CSI 300 indices are playing catch up now - both higher by 1.87% and 1.84% respectively on the day.
