FOREX TODAY: MARKET ACTION REMAINS SUBDUED ON EASTER MONDAY

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Following the jobs report report, the benchmark 10-year US Treasury bond yield gained nearly 3% in the shortened session and snapped a seven-day losing streak. In turn, the US Dollar Index (DXY) registered modest daily gains. Early Monday, the DXY holds comfortably above 102.00 but the 10-year US yield stays in negative territory at around 3.35%. Meanwhile, US stock index futures trade mixed before Wall Street comes back from a long weekend.


Following Friday's pullback, EUR/USD trades within a very tight range at around 1.0900 in the European morning on Monday.


GBP/USD managed to close the previous week slightly above 1.2400 but struggled to gain traction early Monday.


USD/JPY edged higher during the Asian trading hours on Monday and was last seen trading in positive territory above 132.50. The data from Japan showed earlier in the day that the Consumer Confidence Index improved to 33.9 in March from 31.1 in February. 


Gold price opened with a bearish gap following the sharp rebound witnessed in US yields on Friday. XAU/USD was last seen moving up and down in a range slightly below $2,000.


Bitcoin posted modest gains on Sunday but continues to fluctuate within its 10-day-old range at around $28,000. Ethereum is having a difficult time gathering bullish momentum and staying below $1,900 despite having snapped a three-day losing streak on Sunday.

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