The yen leads gains as markets remain in a cautious mood
With equities softer across the board and bonds staying bid - Treasury yields lower - it is helping to keep the yen underpinned as we look to begin European trading.
USD/JPY continues to hover just under the 110.00 handle, with the swing region support around 109.71-78 being the key level that sellers will eye should US-China trade headlines take a turn for the worse over the next few sessions.
Meanwhile, the aussie is weaker as trade tensions weigh on the currency with AUD/USD sellers looking to build on a move below the 0.7000 handle in the day ahead.
Other major currencies are more or less kept in a tight range still, with cable looking to keep above the 1.3000 handle despite cross-party Brexit talks going nowhere. The dollar is mixed against the rest of the major bloc but as seen above, the ranges and changes are rather minimal for the time being.
Looking ahead, it's still all about US-China trade talks so expect that to dictate risk sentiment and in turn, provide direction for traders to act upon over the next two days.
