FX SUMMARY

A mixed session for the USD during our morning European session.

• On the margin the Dollar is better offered in G10, a continuation of the light overnight session, following S&P hitting an all time record high.
• USD is up 0.18% against the NOK, and down 0.38% versus the SEK.
• USDJPY hovers near session low, lower US yields and Equities off their best levels is contributing somewhat.
• USD is still trading mixed with better buying against GBP, CNH, CAD.
• USDJPY support comes at 109.36 20-day EMA.
• EURUSD is up 0.03% against the Greenback, and some focus on large options expiry for today, with 6.03bn between 1.1840-1.1910.
• Turnovers have been on the low side, with G10 crosses trading at ~30% of 5 days average.
• Cable is flat, after attempting to fade some of yesterday's weakness, on Astra vaccine concerns and after MHRA's decision to stop AstraZeneca vaccinations of people under 30s
• Question for Europe, is whether they will follow EMA's guidance on vaccinations, or will most EU countries match UK MHRA's decision to pause Astra vaccination for under 30s.
• Looking ahead, US IJC is the only notable data. ECB will publish their minutes. Fed Bullard and Kashkari on Economy..
• Fed Powell is in an IMF panel, as well as Riksbank Ingves and Breman.
• RBNZ's Ha to Speak at Citi Conference