Dollar looks to recoup losses in trading today ...Middle East

The dollar lost some ground to start the new week as a better risk mood and a fall in USD/JPY overnight did not help with trading sentiment yesterday. The latter owed to growing market expectations of a shift higher in the 10-year JGB yields ceiling by the BOJ. However, as we have seen, that did not materialise and yen bulls were once again left disappointed.This is helping to see the dollar recapture some of the losses yesterday, as USD/JPY pushes up closer towards the 150.00 mark. Equities are looking sluggish and so that is also one to watch, with S&P 500 futures now down 0.3% after a good start to the week. Put together with steadier bond yields, and the dollar is able to find reasons to

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