[MARKET ANALYSIS] Dollar is marginally softer with a mixed performance against major peers, while JPY continues its outperforms despite no obvious news catalysts

DXY: -0.1% Remains lacklustre after recent modest losses and the ultimately mixed performance against G10 counterparts, while there were few fresh drivers as geopolitical headlines remained in focus and dollar-specific newsflow was still pretty light. Nonetheless, Fed's Williams said that rates are in a good place to balance the Fed’s dual mandate and reiterated his support for the previous decision to hold, with future policy dependent on the totality of incoming data, while participants look ahead to comments from Fed's Waller due later ahead of tomorrow's key NFP report. EUR/USD: Flat Struggles for direction following the prior day's indecision and lingers beneath the 1.1600 level with very little in the way of pertinent catalysts to drive the single currency. GBP/USD: +0.1% Ekes slight gains in range-bound trade following previous oscillations through the 1.3500 level and with price action not helped by the continued lack of UK data. USD/JPY: -0.4% Extended on the prior day's decline with USD/JPY testing the 158.00 level to the downside after the yen was supported on Wednesday despite no obvious news catalysts, leading to some speculation of intervention, while there were also more jawboning from US Treasury Secretary Bessent, who said that he knows what the Japanese are planning on doing. Antipodeans: AUD/USD -0.1% / NZD/USD +0.1% Price action is range-bound with AUD/USD trading sideways, while NZD/USD claws back some of its post-RBNZ losses.