[MARKET ANALYSIS] FX markets are uneventful in the absence of fresh catalysts and tier-1 data

DXY: +0.1%

• Remains afloat after gaining yesterday against most G10 FX peers amid the continued rise in long-term US Treasury yields, but with the dollar well off Monday's highs, while currency-specific newsflow is light to start the week, and there was little reaction to a mixed ISM Services report, while participants await looming Fed speakers and tomorrow's FOMC Minutes.

EUR/USD: Flat

• Lacks direction with recent headwinds from fiscal and political woes, with French unions calling for a nationwide day of strikes on November 5th, while the Spanish PM called for a snap election.

GBP/USD: Flat

• Price action is indecisive after recent oscillation through the 1.3200 level amid quiet UK newsflow.

USD/JPY: Flat

• Trades relatively sideways after giving back the 158.00 status, with the pair lacking conviction in the absence of any relevant data and after comments from Japan's Finance Minister Katayama provided very little incrementally.

Antipodeans: AUD/USD Flat / NZD/USD Flat

• Conformed to the broad consolidation seen across the FX space overnight amid a lack of fresh macro drivers and tier-1 data.