European Summary and Highlights 22 Jan

The USD edged a little higher against the EUR and a little lower against the CAD in a very quiet European morning session, but was otherwise little changed.
European morning session
The USD edged a little higher against the EUR and a little lower against the CAD in a very quiet European morning session, but was otherwise little changed. EUR/USD slipped around 15 pips to 1.0885, and USD/CAD fell a similar amount to 1.3425. USD/NOK was also higher but USD/SEK not much changed as NOK/SEK fell back.
News was very thin on the ground, with no data of note. Equity indices were mixed, with US futures staying well bid after hitting the all time high on Friday, but European equities edging a touch lower. Bonds yields generally edged slightly lower.
There is a Lagarde speech due later in the day which might have some impact ahead of the ECB meeting on Thursday.
Asia session
Over the weekend, Bloomberg reported that the US & UK are talking on intensifying targeting Houthis in Yemen after the latest incidents in the Red Sea. We also heard from Russia that they are blaming Ukraine for sabotaging certain energy facility in the Baltic area. However, such geopolitical tension does not seem to reverberate to the U.S. equities as they continue the strength from Friday after breaking all time high. Regional sentiment, on the other hand, are in the red. The AUD/USD reversed earlier gains to trade 0.13% lower at 0.6588, NZD/USD also 0.07% lower at 0.6111 while USD/CAD rose 0.12% on weaker oil.
The USD is trading slightly lower against major on Monday as U.S. Treasury yields are higher in front and lower at the far end. 10yr JGB yields are also lower. USD/JPY is trading 0.21% lower at 147.84. Elsewhere, EUR/USD is up 0.03% and GBP/USD is up 0.1%.