There’s not much in it in European morning trade today. The dollar is largely steadier, with USD/JPY coming off a little from around 159.70 in Asia to 158.40 currently. That comes as traders look to be heeding some caution ahead of the US retail sales data later today. From earlier: US retail sales gains more attention as Japan eyes big data to intervene

Besides that, EUR/USD is trading narrowly near 1.0900 with large option expiries still locking the pair. And there is little change among GBP/USD, USD/CHF and USD/CAD as well.

The aussie and kiwi are marginally lower amid a softer Chinese yuan but that’s about it. NZD/USD though is also one to be wary about as it is vulnerable to a downside break.

It’s now over to the US retail sales data to see how that will shake things up on the day.

This article was written by Justin Low at www.forexlive.com.