Volatility across G10 FX space was subdued in Asia as participants continued to assess Fed rate-hike outlook in the interim between the release of the expectation-beating NFP report last Friday and the upcoming U.S. CPI data due Wednesday. The BBDXY index mostly held below neutral levels.
- USD/JPY traded on a marginally softer footing, with 1-month risk reversal oscillating near two-month highs printed on Monday.
- The Aussie dollar paced losses as participants parsed high-frequency local data. Consumer confidence deteriorated in August, even as business sentiment rebounded in July.
- The global economic docket is very light through the rest of the day.