[MARKET ANALYSIS] DXY takes a breather after gaining yesterday on a haven bid

DXY: -0.1%

• Takes a breather after gaining yesterday on a haven bid and as yields climbed on firmer oil prices, while there was a recent slew of data which mostly printed better-than-expected, while participants now look ahead to the looming BLS jobs data.

EUR/USD: +0.1%

• Recouped some lost ground and reclaimed the 1.1600 handle, but with upside limited amid ongoing geopolitical and energy-related concerns, while there was little reaction to the recent rhetoric from ECB officials, or the ECB Minutes, which noted that several argued rates could remain at current levels for an extended period if the baseline outlook held.

GBP/USD: +0.1%

• Ekes slight gains and continues its rebound from support at the 1.3300 level, albeit with price action kept tame by quiet newsflow.

USD/JPY: Flat

• Trades sideways amid the indecisive mood in Japan, and a quiet data calendar, with no tier-1 releases for Japan.

Antipodeans: AUD/USD +0.5% / NZD/USD +0.3%

• Strengthened with AUD mildly outperforming amid a rebound in metal prices and as recent inflationary concerns spurred some outside bets for a rate hike by the RBA this month.