Major currencies still caught in that pre-NFP lull


The ranges and changes speak for themselves:


Elsewhere, equities are also looking fairly tentative while Treasury yields are little changed. This is shaping up to be a typical placeholder session awaiting the US jobs report later in the day.

Going back to FX, EUR/USD is still caught around 1.1300 with large expiries holding close to the figure level today. Meanwhile, USD/JPY is also still toying with a potential break of 116.00 as buyers seek validation from the key risk event later. GBP/USD is holding just below its 100-day moving average at 1.3552 but above its key hourly moving averages at 1.3497-20.

As for commodity currencies, AUD/USD is pinned down around 0.7150-60 as sellers stay in near-term control in the hunt towards 0.7100. Large expiries at 0.7160 and 0.7200 are ones to take note of for today.



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