In today's subdued market atmosphere, the dollar displays a slight softness, with Tokyo, Seoul, and London observing holidays. Notably, the Japanese yen emerges as the weakest performer among G10 currencies, marking a loss of approximately 0.5% and slipping below last Friday's lows. Against this backdrop, equities kick off the week on a positive note, buoyed by a robust US rally prior to the weekend.
Meanwhile, gold maintains its resilience near the $2018 mark, echoing the trading ranges of the previous week, while June WTI crude oil consolidates following last week's nearly 7% dip, hovering just under $78.

Asia Pacific Markets 
Japan remains closed for the holiday, while China's markets resume trading after a hiatus since the previous Tuesday. Despite expectations, the Caixin April services PMI defies odds, mirroring the surprising performance of its manufacturing counterpart reported last week. Consequently, the composite PMI inches up to 52.8 (from 52.7), reaching its highest level since mid-last year.
The dollar sees an uptick to approximately JPY 154, surpassing Friday's peak near JPY 153.80. Elsewhere, the Australian dollar maintains strength, hovering near the session's peak at $0.6630, with the Reserve Bank of Australia anticipated to maintain the status quo in its upcoming meeting.

European Markets 
In the eurozone, final service and composite PMI figures offer little fresh insight, affirming the ongoing recovery fueled significantly by government spending. Notably, the economy expands by 0.3% in Q1, with projections for growth in Q2 and Q3 hovering around 0.2%-0.3%.
Following the US jobs report, the euro spikes to around $1.0810, its highest level since April 10, before encountering resistance at the 200-day moving average. Support levels are likely to materialize in the $1.0700-25 range.
Meanwhile, the British pound surges to nearly $1.2635 post-jobs report, only to surrender gains and settle marginally unchanged by session's end.

American Markets
With the market navigating between two pivotal high-frequency data drivers (employment and CPI), anticipation builds for upcoming reports on April's CPI and retail sales, scheduled for May 15. Forecasts suggest a moderation in both metrics.
Amidst this backdrop, the Canadian dollar struggles, emerging as the sole G10 currency unable to strengthen against the dollar in the lead-up to the weekend, echoing a broader trend observed throughout last week.