Despite an unexpected decline in Japan's unemployment rate, the yen fell to a four-day low ahead of tomorrow's economic data release and the conclusion of the Bank of Japan (BOJ) meeting.
In Europe, Germany's Q2 GDP unexpectedly contracted, but this was balanced by better-than-expected figures from France and Spain, leaving the euro trading within a narrow range.
U.S. index futures are showing a positive trend. Gold is trading quietly within an $8 range on both sides of yesterday's settlement, while September WTI is also in a tight range, unable to rise above last week's low of $76.

Asia Pacific Markets
Japan's unemployment rate for June slipped to 2.5% from 2.6%, while the job-to-applicant ratio eased slightly to 1.23 from 1.24. These minor changes precede more significant economic events this week, including tomorrow's release of June retail sales and industrial production data, and the BOJ's decision.
Australia is also set to report June retail sales and CPI first thing tomorrow. The Reserve Bank of Australia meets next week and is widely expected to maintain its current stance with another hawkish hold.
The dollar pulled back to find support near JPY154.60 in the European morning, while the Australian dollar continues to struggle within last Thursday's range.

European Markets
The eurozone economy grew by 0.3% in Q2 2024, maintaining the same growth rate as Q1. Year-over-year growth increased slightly to 0.6% from 0.4%. Germany's economy, however, contracted by 0.1% after a 0.2% expansion in Q1, disappointing expectations. Despite this, the euro found support ahead of $1.08 and is trading with a slightly firmer bias today.
Sterling also fluctuated within its pre-weekend range but settled near $1.2855.

American Markets
Two major events are on the horizon for the U.S. this week: the FOMC meeting tomorrow and the July employment report on Friday. Today's reports, including house prices, the Conference Board's measure of consumer confidence, and the Dallas Fed's services survey, are likely to have minimal impact.
The Canadian dollar remains under pressure, trading within yesterday's range. Yesterday's losses extended its losing streak to nine consecutive sessions and 12 out of the past 13 sessions.