Uneventful start to the week as markets.......>

FOREX: Uneventful start to the week as markets consolidate recent moves

-The greenback rose to the top of the G10 pile today, rising 0.2-0.6% against

the other majors.

-As bond markets sold off (US 10y yield touched highest level since 2014), the

USD only modestly gained amid little newsflow or catalysts at home or overseas.

-GBP fared the poorest, falling close to 0.7% as traders took profit on the

recent rally and as the weekend papers continue to highlight the political

fragility of May's government.

-USD/JPY saw initial strength on the move through Y109 but stalled on the

approach to Y109.20, with touted sell interest still seen in tact between

Y109.10-20.

-AUD faring slightly better (but still down 0.2% vs. USD) and holding at just

below $0.81 despite generally weaker commodities as DMAs continue to point

toward an imminent golden cross between the 50- and 100-DMA.

-Focus shifts to Trump's SotU, FOMC, NFP and models predicting USD sales into

month-end.