Another day where the ebb and flow will dominate due to the quiet calendar

There is not much going on on the FX market today besides the yen and Swiss franc being weaker. Tomorrow’s U.S. CPI report and after that, there is not much to do. Tomorrow’s economic data consist of the EIA’s weekly oil inventory data, which is the only other item on the FX calendar. Furthermore, there are no Fed speakers scheduled (though I’m sure Bullard is on CNBC right now). I’ll be keeping an eye on the bond market for cues. Yesterday, yields surged by 10 bps, resulting in some risk aversion and USD buying, but half that has been restored.