Markets muted ahead of European morning trade

<p>The dollar managed to claw back some losses from yesterday to end up trading fairly mixed by the end of it all. However, it is still in a rather vulnerable spot at the moment despite some technical holds in <a href="https://www.forexlive.com/news/usdjpy-retreat-continues-set-for-fourth-straight-day-of-declines-20231121/" target="_blank" rel="follow">USD/JPY</a> and <a href="https://www.forexlive.com/news/the-next-step-in-audusd-has-to-be-a-big-leap-forward-20231121/" target="_blank" rel="follow">AUD/USD</a>&nbsp;- at least for now. Major currencies are not showing much appetite today, being confined in tighter ranges so far:</p><figure data-media-><img src="https://images.forexlive.com/images/FX%2022-11_id_3ff378c5-b2cf-48b7-b895-fb01a2800ad2_original.jpg" width="517" height="146" wrapper-="wrapper-" data-src="https://images.forexlive.com/images/FX%2022-11_id_3ff378c5-b2cf-48b7-b895-fb01a2800ad2_original.jpg" /></figure><p>The lackadaisical mood is also reflected in equities, with US futures sitting little changed and flattish. Meanwhile, the bond market is also feeling rather lethargic with 10-year Treasury yields being flat at 4.416% currently.</p><p>It seems like we're beginning to wind down to the Thanksgiving holiday period and so we might be in for a quieter session later on in Europe today.</p><p><br></p>

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