Understandable caution to begin with given the moves in a thin Asian session, and we’ve seen a little USD selling so far but going nowhere fast ( you know I only add that last bit to wind up the price-action Gods!)

USDJPY drifting around 112.65 with EURUSD heading up toward 1.2500 but finding further progress a step too far for the moment. GBPUSD saw some early buying and is holding agains around 1.5980

USDCHF also has drifted lower to 0.9645 while AUDUSD’s rally off the lows has run into sellers at 0.8750

Delicately poised as we wait for the PMIs