[MARKET ANALYSIS] DXY is rangebound amid a lack of catalysts outside of geopolitics

DXY: Flat Remains uneventful with the ranges thin early this week amid a lack of major fresh catalysts and as updates were centred around geopolitics, which resulted in higher crude prices. The main developments included the expiry of the US-Iran MoU and with US President Trump rejecting an extension, while he also threatened to bomb US ally Oman if it 'gets in the way'. EUR/USD: Flat Lacks direction after it faded most of yesterday's initial advances and failed to sustain a brief reclaim of the 1.1600 handle, with the single currency not helped by the absence of pertinent drivers from the bloc. GBP/USD: Flat Trades little changed after the recent choppy performance and as the attention turns to incoming data releases beginning with UK employment and average earnings data scheduled today. USD/JPY: +0.1% Lingers near the prior day's best levels at the 159.00 handle, but with price action limited and a sparse overnight calendar, with no tier-1 releases scheduled during today's Asia-Pac session. Antipodeans: AUD/USD +0.1% / NZD/USD Flat Conform to the quiet mood across FX, with price action also not helped by the mixed risk sentiment.