The forex markets continue to be generally quiet today, stuck inside Friday’s range. Sterling is mildly lower on talks that UK Prime Minister Boris Johnson is going to delay easing of restrictions due to rise in the Delta variant infections. Yen is also trading lower together with Swiss Franc. Commodity currencies are generally firm, with New Zealand Dollar leading the way.

Technically, GBP/USD breached 1.4072 minor support today but quickly recovered. We’d see if the recovery could extend. But sustained break of 1.4072 will indicate near term bearish reversal. At this same time, eyes will also be on 153.81 support in GBP/JPY. Break there will suggest that GBP/JPY has topped up in the near term, and bring deeper pull back
In Europe, at the time of writing, FTSE is up -0.19%. DAX is up 0.15%. CAC is up 0.10%. Germany 10-year yield is up 0.0048 at -0.265. Earlier in Asia, Nikkei rose 0.74%. Singapore Strait Times dropped -0.15%. Japan 10-year JGB yield rose 0.0102 to 0.040.

Source: www.actionforex.com