[MARKET ANALYSIS] DXY is little changed as geopolitics remains in focus following US-Iran tit-for-tat strikes and agreement to stand down

DXY: FlatTrades little changed as geopolitics remains in the spotlight after the US and Iran exchanged strikes over the weekend, but have since agreed to stand down for now and will resume talks this week. There were very few other fresh drivers for the US, with participants looking ahead to the key NFP jobs data later in the week, while comments from Fed's Barkin had little impact, in which he noted that inflation is too high, but sees some signs that price pressures could moderate.EUR/USD: FlatLacks direction after last Friday's whipsawing and return to beneath the 1.1400 handle, with comments from ECB's Schnabel remaining hawkish as she warned that price pressures could turn out stronger than expected despite the US-Iran peace deal.GBP/USD: +0.1%Ekes out slight gains and just about reclaimed the 1.3200 status, but with upside capped in quiet FX trade and with UK PM-in-waiting Burnham expected to announce plans to devolve powers and money from the central government to England’s regions.USD/JPY: FlatRemains contained within the 161.00 handle amid higher oil prices, mild upside in yields, better-than-expected Japanese Retail Sales, and ongoing intervention risk.Antipodeans: AUD/USD -0.1% / NZD/USD +0.1%Price action is rangebound amid the mixed risk appetite and lack of pertinent data.