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Tight, Cautious Start


The yen has caught a mild bid and gained against all of its G10 peers, building on its yesterday's strength. CHF also trades on a slightly firmer footing, amid some modest demand for safe haven currencies ahead of the release of U.S. NFP data later in the day. U.S. e-mini futures operate in the red, signalling erosion in broader risk sentiment.

  • Most major crosses have held very tight ranges so far, as the most recent news flow has failed to provide much in the way of market-moving catalysts.
  • Focus on the data front turns to German industrial output as well as U.S. and Canadian jobs reports. Central bank speaker slate includes ECB's de Guindos, Holzmann, Centeno & Panetta, BoE's Ramsden, Pill & Tenreyro and Norges Bank's Olsen.

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