USD/JPY meets with some supply on Monday and is pressured by a combination of factors. Speculations that the BoJ will tweak its YCC policy and a softer risk tone underpin the JPY. The emergence of some USD selling further contributes to the offered tone around the pair. (FXStreet)

USD/CAD edges higher for the second straight day, albeit lacks any follow-through buying. Sliding Crude Oil prices undermines the Loonie and is seen lending some support to the pair. Subdued USD demand caps the upside amid mixed technical setup on hourly and daily charts. (FXStreet)

The index remains under pressure near the 100.00 zone. Risk appetite trends appear mixed at the beginning of the week. The NY Empire State Index will be the sole release on Monday. The greenback, in terms of the USD Index (DXY), navigated a tight range close to the key 100.00 neighborhood at the beginning of the week. (FXStreet)

EUR/JPY remains steady and consolidates in a narrow range on Monday. Next resistance level is seen at 156.15, an initial support appears near 155.40. The Relative Strength Index (RSI) indicates the non-directional movement in the cross. (FXStreet)

USD/CHF fades the previous day’s corrective bounce off the lowest level since January 2015. US Dollar lacks recovery momentum amid pre-Fed blackout. Downbeat mood, US data puts a floor under Swiss Franc pair around multi-month low. US Empire State Manufacturing Index, Retail Sales eyed for clear directions. (FXStreet)

NZD/USD has dropped to near 0.6350 despite USD Index remaining choppy. NZ inflation is expected to soften significantly amid aggressive interest rate policy by the RBNZ. The USD Index is making efforts to deliver a solid recovery after a significant sell-off. (FXStreet)

GBP/JPY has delivered a recovery move from 181.00 as BoE is expected to announce a bigger rate hike ahead. UK’s core inflation is expected to remain steady and might keep a strict burden on households. Former BoJ Kameda forecasted that the central bank won’t do any tweaks in the interest rate policy. (FXStreet)

AUD/USD picks up bids to pare intraday losses amid sluggish session. Mixed China data, fears of Australia’s economic slowdown, uptick in unemployment rate prod Aussie pair buyers. Market’s consolidation amid pre-Fed blackout favors US Dollar but lack of important data/events, Japan’s holiday prods DXY bulls. Second-tier US data, risk catalysts eyed for intraday clues, RBA Minutes, Aussie jobs report and US Retail Sales are crucial. (FXStreet)

EUR/USD has turned sideways as investors are awaiting a fresh trigger for further guidance. S&P500 futures have generated some losses, portraying caution among market participants as the result season has kicked off. The Euro has got extreme strength as the ECB is expected to conclude its rate-hiking spell beyond July. (FXStreet)

USD/INR edges higher for the third consecutive day as bull’s eye 200-EMA. Upbeat RSI (14), sustained rebound from two-week-old rising support line keeps Indian Rupee pair buyers hopeful. Descending resistance line from July 06 holds the key to USD/INR run-up. (FXStreet)

USD/IDR struggles to defend Friday’s corrective bounce despite downbeat Indonesia trade numbers for June. Indonesia Exports slumped 21.18% in June versus 0.96% prior, -18.65% expected. Risk aversion, pessimistic headlines surrounding China also put a floor under the Rupiah pair. (FXStreet)

USD/MXN remains confined in a narrow trading band near its lowest level since December 2015. The formation of a descending channel points to a well-established downtrend and favours bears. A sustained strength beyond the 17.30-40 confluence is needed to negate the negative outlook. (FXStreet)

WTI crude oil holds ground near the $74.40 mark in the early European morning. Supply disruptions in Libya and Nigeria lift the price amid output cuts by Saudi Arabia and Russia. Fears of an economic slowdown in China could have a negative impact on the oil price. Market participants will take cues from the unexpected supply disruptions and the US data. (FXStreet)

Friday’s d third consecutive daily pullback in prices of natural gas came in tandem with rising open interest and suggests that further losses could be in store for the commodity in the very near term. In the meantime, there is still a decent contention in the $2.50 region per MMBtu. (FXStreet)

Gold loses momentum and holds above $1,950 in the Asian session. The upbeat US consumer confidence and mixed Chinese data lifted the US Dollar and might cap the upside for gold. Markets will take cues from the US Empire State Manufacturing Index and Retail Sales later this week. (FXStreet)

Silver edges lower on Monday and snaps a three-day winning streak to over a two-month high. The technical setup favours bulls and supports prospects for the emergence of some dip-buying. Any meaningful corrective slide might now be seen as a buying opportunity and remain limited. (FXStreet)

Source: FXStreet, DailyFX

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