Major currencies are trading lower against the greenback and the yen
Of note, most major currencies are testing their lows right now against both currencies mentioned. EUR/USD and GBP/USD has slipped to session lows of 1.1554 and 1.3020 respectively. Meanwhile, AUD/USD has also fallen to a low of 0.7211 on the day.
As for yen pairs, EUR/JPY (131.63), GBP/JPY (148.32), AUD/JPY (82.15), CAD/JPY (88.89), and NZD/JPY (75.18) are also at their lows for the day now although the ranges remain relatively tight still ahead of European trading.
The only real catalyst I can point towards for the mood here is the move lower in equity futures. Of note, E-minis have moved back to near the lows for the day down by 0.2%:
And that's helping to underpin the dollar and the yen a little ahead of the open in Europe. There isn't a clear risk off tone yet but keep an eye on this space for further moves later in the day just in case.
