Major currencies little changed to start the session

<p>The movements overall are light as dollar pairs are observing 0.1% or less change to start the session. USD/JPY did nudge to a high of 147.89 earlier but has retreated to around 147.60 levels currently. This comes as 10-year yields remain a bit of a drag, down 2.3 bps to 4.515% at the moment.</p><p>Besides that, the appetite among other dollar pairs is rather muted at best. EUR/USD is stuck within a 17 pips range with the technical outlook discussed <a href="https://www.forexlive.com/news/eurusd-bounce-yesterday-not-anything-significant-eyes-the-ecb-later-today-20240125/" target="_blank" rel="follow">here</a>. The ECB is the main highlight for the pair and that only comes later today.</p><p>Given the more tepid mood in risk trades as well, we might be in for a slower session in Europe today.</p>

This article was written by Justin Low at www.forexlive.com.