Flattish tones observed in early trades
- German DAX futures flat
- French CAC 40 futures flat
- UK FTSE futures -0.1%
The overall risk mood holds more steady as we begin the session with US futures also pretty much flat and bond yields nearly unchanged on the session as well now.
Markets are slowly shifting towards the pre-FOMC mood and this is just a symptom of that sort of sentiment. As such, USD/JPY keeps steady just under 109.00 with large expiries around 109.00-10 also at play in limiting the upside for now.
