- Positive earnings from the US on Friday and renewed trade optimism saw Asian stocks rally, with the Nikkei 225 hitting its highest level since early December and putting USD/JPY on alert for a breakout.
- A lack of market moving news made for another quiet start to the week and narrow ranges for FX pairs. NZD is currently the strongest major, CAD is the weakest although difficult to read too much into this with such low volatility.
- Over the weekend, SNB’s Jordan said the central bank still has room to lower rates or use their balance sheet if needed.
- US10Y sits near its 3-month high around 2.56%, WTI is steady around $63.62, EUR/USD has regained the 1.1300 handle.
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