GBP/USD sees upside move stall a little so far on the day
The pair has made some good progress as price continues its rebound close to the 4 February low @ 1.3566. The low last week touched 1.3572 and since then, cable has regained solid ground despite a nudge lower on Friday.

Forex news for North American trade on July 23, 2021:
Markets:
The FX market looked like it might tilt towards risk aversion early in New York trade as 10 year Treasury yields rejected 1.31% again and drifted back to 1.28% but relentless buying in equities steadied the market and left G10 FX largely unchanged on the day.

Big earnings week next week
Companies expecting to announce include:
Other highlights for today: 
For the week, month and year to date:

Dow is above its all-time high close but below its all time intraday high
The NASDAQ and S&P are on track for record closes today.  The Dow is also above its all time high close and also just above the 35000 level.  

Net dollar value is long for the first time since the pandemic began
The chart isn’t yet updated but the net dollar value of USD longs is now +$399.69m.  That’s the first net-long USD position on aggregate since the pandemic began.

… Tesla, Boeing, Starbucks, Ford, McDonald’s, PayPal, MasterCard, etc
Next week is a huge week for earnings and the major indices are near or making new highs into the week.  Anyone and everyone (besides financials and Netflix) are on the schedule for release. 

Forex news from the European trading session – 23 July 2021
Headlines:
Markets:
– NZD leads, JPY lags on the day
– European equities higher; S&P 500 futures up 0.4%

That will help to meet the continued need for vaccine supply in the US
As remarked by Pfizer CEO, Albert Bourla:
More doses to help expand protection in the US. Pfizer and BioNTech will deliver 200M more #COVID19 vaccine doses to the US by April 2022. We are very proud to be a long-term partner to the US government and to help

A look at what is on the board for today
bold
The large expiries between 1.1700-10 and 1.1800 keeps price action more anchored in between, sticking with the more subdued range for the pair that we have seen throughout the entire trading week.

The market is sticking with calmer tones so far on the day
USD/JPY is trading up to a session high of 110.49, its highest level in over a week, as Treasury yields are also nudging higher and putting behind the brief drop yesterday.