Today, the dollar is experiencing slight fluctuations, trading within a +/- 0.1% range against most G10 currencies. It is stabilizing in a narrow 25-tick range around JPY159.45. The euro remains relatively unchanged, while the French 10-year bond yield premium over Germany is at its lowest in over a week.
Nvidia's stock, which had soared recently, has dropped 13% over the past three sessions, but futures for the S&P 500 and NASDAQ are showing some recovery after yesterday's declines.
Gold is holding steady near $2333, trading within the upper end of yesterday's narrow range. August WTI crude oil approached $82 a barrel but pulled back, currently trading around $81.25.

Asia Pacific Markets
In the Asia Pacific region, markets displayed caution ahead of potential Japanese intervention and a slight slowdown in Japan's May services PPI, which fell to 2.5% from 2.7%.
Despite retreating slightly from JPY160, market nerves were evident as the dollar dropped from around JPY159.50 to nearly JPY158.80 within minutes during the thin trading period after Asia Pacific markets closed and before US markets opened yesterday. Today, the dollar has been trading within a half-yen range below JPY159.70.
The Australian dollar continues to hover around the midpoint of its $0.6600-$0.6700 range.

European Markets
In Europe, political developments are overshadowing economic data. The economic calendar is light, aside from the Swedish Riksbank meeting on Thursday.
The euro, which fell from its early June peak above $1.09 to around $1.0670 mid-month, retested this low before the weekend and held. It is now trading in a narrow range just above $1.0720.
Sterling, which settled below $1.2650 last week for the first time since early April, recovered to nearly $1.27 during North American trading yesterday and briefly surpassed that level today.

American Markets
The US market is bracing for a series of high-frequency data releases today, including several Federal Reserve surveys, the Conference Board's consumer confidence index, and April house price data.
The Canadian dollar has been quietly strengthening, rising in nine of the past 11 sessions. Despite this, the greenback closed May near CAD1.3630 and settled near CAD1.3650 yesterday.