EUR/USD, USD/JPY flows - USD Focus on U.S. Treasuries

With a lack of major U.S. data this week, the focus is on the U.S. Treasury movement and whether a corrective move lower will be seen.  This has not gathered ground, as oil prices have remained volatile and moving higher on Wednesday with Houthi attacks.  Additionally, the U.S. government bond market is discounted that the Fed will hike in December and twice in 2027 and it could take significant data to change this mood, not just the Sep FOMC minutes.  A mild drift lower in U.S. Treasury yields could be seen, which could see a consolidation/mild drift down in the USD in the last few days of the week but this will likely be marginally and focus will switch to the September CPI release on October 14.