Light changes among major currencies so far today

[forex4you]

Light changes among major currencies so far today

USD/JPY is down 0.2% to 139.90 at the moment while AUD/USD is up 0.3% to 0.6785 as we get the session underway. But those two are the only standouts, even calling that is a bit of a stretch, as other major currencies are rather subdued for now.

There is a slight improvement in the equities space, with S&P 500 futures now up 8 points, or 0.2%, but it's still relatively early in the day to be making calls right now. In the bond market, 10-year Treasury yields are down 4 bps to 3.798% so that is perhaps weighing a little on USD/JPY but that comes after the reversal higher yesterday after the US CPI data.

It's all about the Fed today and I would argue that there's not much use picking sides now as things can change drastically after the policy decision and Powell's press conference.

                This article was written by Justin Low at www.forexlive.com.

Source: Light changes among major currencies so far today

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