[MARKET ANALYSIS] DXY ekes slight gains after retreating yesterday alongside oil declines and a softer yields, while Trump's Iran comments also dampened haven appeal

DXY: 0.1%

• Ekes slight gains overnight following the prior day's gradual slide to beneath the 99.00 level, as yields pulled back alongside the reversal in oil and as haven appeal further dwindled following US President Trump's comments that the war could end very soon.

EUR/USD: -0.1%

• Takes a breather after its return journey from a brief dip beneath the 1.1600 handle, while pertinent newsflow is very light and the data calendar for the bloc is also sparse, aside from German and French trade data.

GBP/USD: -0.1%

• Plateaued just beneath near-term resistance at 1.3450, with recent price action mostly dictated by dollar moves.

USD/JPY: Flat

• Lacks direction after slipping beneath the 158.00 level and with little reaction seen to a bout of data releases from Japan including Q4 GDP revisions, which either matched or topped the preliminary numbers, while Household Spending surprisingly contracted.

Antipodeans: AUD/USD -0.1% / NZD/USD -0.3%

• Marginally eased back following yesterday's advances but with downside limited amid the broad improvement in risk appetite, while participants await the latest Chinese trade data.