[MARKET ANALYSIS] DXY is rangebound and gets some respite following yesterday's selling

DXY: FlatTrades flat overnight, which provides some respite from the selling pressure seen during the prior session, where the dollar was sold alongside broad yen strength post-election, and after Bloomberg reported that China is urging banks to curb UST exposure amid market risk, while the recent weakness had also coincided with the broad risk-on sentiment.EUR/USD: FlatHolds on to recent gains after it benefitted from the dollar's demise and edged higher to reclaim the 1.1900 status, while there were several comments from ECB speakers which continued to point to a lack of willingness to adjust policy in the near-term.GBP/USD: FlatRemains afloat and looks to retest the 1.3700 level to the upside, with yesterday's gains facilitated by several cabinet ministers voicing support for UK PM Starmer following calls for him to resign and news that his communication director resigned.USD/JPY: -0.3%Extended on post-election declines as the decisive victory by the LDP and expectations of fiscal stimulus are seen to pave the way for the BoJ to quicken the pace of tightening, which has boosted BoJ April rate hike odds.Antipodeans: AUD/USD Flat / NZD/USD FlatConforms to the mostly uneventful mood across the FX space after gaining yesterday alongside the widespread heightened risk-appetite.