The major currency pairs were firmly range bound. A shortage of data schedules is believed to have contributed to the slow pace price movement.
The yen gave back some of its gains earned before the European open, following hawkish remarks from Bank of Japan Governor Ueda over the weekend that it may consider removing its zero interest rate policy at the end of the year.
The UK labour market numbers for July were released this morning. The unemployment rate climbed to 4.3% from 4.2%, as expected. meanwhile, average wages were 8.5% higher year on year (vs. +8.2% year on year forecast). So far, the news has had no effect on sterling in early exchanges.
Later today, survey data for September, including the German ZEW and US small business optimism are due. However, barring any major surprises, the data are unlikely to impact on forex markets.