FX still mostly stuck in a rut so far today

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On the yen move, these are the earlier posts:

Besides that, there hasn’t been much activity among major currencies so far on the session. In fact, other dollar pairs are only seeing 0.1% change currently. And that speaks to the lack of appetite today and for the most part, this week.

Looking to the remainder of the day, we could get some injection of life when we get to US trading later.

The US PCE price index will be a key risk event to watch in terms of data releases. Then, we might also get some volatility surrounding month-end flows when we get to the London fix.

In the bigger picture though, the bond market will still have a say in things and it doesn’t look like there is much appetite to move just yet. But do at least keep a watchful eye on that just in case.

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