The disturbances in Iran have some traders talking of a possible risk-aversion play this morning but the USD is only slightly firmer, 1.40 against the EUR versus a 1.4020 close on Friday night, and EUR/JPY is only slightly lower, 137.70 versus a 137.90 close. All in all, the early interbank session has been surprisingly quiet with the majors trading in 30 pip ranges.
Not much economic data due for release during this session.
Good luck today.
