[MARKET ANALYSIS] DXY holds near 102 in quiet trade; G10s largely uneventful

DXY is marginally softer under 102 but in a very narrow range after Monday's slight gains, when the index saw mixed performance against G10 peers. There is no tier-1 US data scheduled this week and the Fed is in its blackout period ahead of next week's meeting, leaving geopolitics and the AI trade as the main drivers. EUR/USD is slightly firmer in a tight 1.1208-1.1220 range, though remains within close proximity of the 1.12 handle after the single currency underperformed on Monday amid the civil unrest in France and other European cities, as well as elevated Dutch TTF prices. Focus is also on Moody's review of France on Friday. GBP/USD edged higher but holds near the 1.33 handle amid limited Sterling-specific catalysts, with attention on UK unemployment data later today and fiscal developments ahead of the Budget. USD/JPY is little changed around 158.50 (but above its 200 DMA at 158.55), with markets on watch for potential jawboning as the pair holds above the 158.00 mark despite the weakness in Japanese equities. On Monday, the JPY was pressured after PM Takaichi touted the use of debt issuance to fund the consumption tax cut, before Chief Cabinet Secretary Kihara clarified this was in the context of broader budget formulation.