Today was a much calmer session in the markets, following last week’s hectic activity. With little on the economic calendar until Thursday, market sentiment seems to have entered a lull.

The Japanese yen, however, continued to see significant movement. USD/JPY dropped to 146.10 during early European trading, then fell further to 145.18 before recovering slightly to around 146.00, still down 1% for the day.

The dollar remained sluggish overall, with lower bond yields contributing to its softness. EUR/USD hovered at 1.1040, up 0.1%, while USD/CHF was down 0.2% at 0.8640.

Antipodean currencies gained against the dollar, supported by a stronger yuan. AUD/USD rose 0.4% to near 0.6700, while NZD/USD increased 0.4% to 0.6075.

In the equities space, investors are taking a cautious approach after last week’s gains. European indices are slightly higher, while US futures remain flat, with attention turning to Fed Chair Powell’s upcoming appearance at Jackson Hole later in the week.