There are no major milestones to note on the day. Therefore, trading sentiment will continue to depend on the same factors from yesterday with a heavy focus on US data again. Coming later today, we'll have the weekly jobless claims and retail sales data to work with.
That will help set the tone for the rest of the week, following yesterday's US CPI report here.
Inflation numbers weighed on the dollar but overall, the greenback was mostly lower against the yen alone. And that is due to a pull back in Treasury yields for the most part. In addition, the dollar is holding a little more stable against the rest of the main block currencies as we enter today.
For more information on how to use this data, you can refer to this post here.
