[MARKET ANALYSIS] DXY mildly strengthened amid recent upside in yields Fed rate hike bets

DXY: +0.2%

• Mildly strengthened amid the recent upside in yields and ongoing Fed rate hike bets, while participants await looming key events, including comments from Fed Chair Warsh at Sintra later and Thursday's jobs data, with US Treasury Secretary Bessent stating that he would not be surprised if June payrolls are very strong, although he had not seen the numbers.

EUR/USD: -0.1%

• Marginally weakened and reapproached the 1.1400 level to the downside following recent indecision and a slew of ultimately mixed ECB rhetoric.

GBP/USD: -0.1%

• Trickled lower after the recent choppy performance, but with price action confined at the 1.3200 handle.

USD/JPY: +0.1%

• Edged higher after gaining a firmer footing north of the 162.00 level with the yen at its weakest in four decades, while there was little reaction in the currency from the mostly better-than-expected Tankan survey.

Antipodeans: AUD/USD -0.4% / NZD/USD -0.2%

• Pulled back overnight amid the mixed risk appetite after the early momentum began to wane.