There aren’t any major expiries to take note of on the day, with the full list seen below.
The market mood is relatively muted as traders and investors continue to weigh up the US-Iran situation for the most part. There’s still no positive breakthrough and that is keeping broader markets on edge, with oil prices nudging up to start the week. WTI crude is keeping above $100 and a hotter US inflation report yesterday is keeping the risk mood more tentative.
The bond market continues to struggle with yields pulling higher, so that is also a key factor to consider. Meanwhile, US stocks fell slightly yesterday but we saw a late fightback in Wall Street to almost salvage something in the end. For now, the overall mood is steadier today with US futures a touch higher.
The main focus will stay on US-Iran developments but markets will be sidetracked by US president Trump’s visit to China in the coming days.
As such, there’s not too much for major currencies to work with. With there being no notable expiries today, expect price action to keep more muted; all else being equal.
EUR/USD continues to be pinned down below 1.1800 while USD/JPY is flirting with intervention risks as it scales back up to a one-week high, where the MOF last intervened in the market.
Besides that, the overall dollar mood is also more tentative in matching up with risk sentiment for the time being
