European focus is on inflation data on leap day ...Middle East

The dollar is down slightly on the day but it owes more to a drop in USD/JPY, following BOJ Takata's remarks earlier here. Besides that, other dollar pairs are seeing lighter changes as broader market sentiment remains rather muted. US futures are flat while Treasury yields are not really hinting at much still so far this week.Looking to European trading, inflation data will come into focus and that will put the euro under the spotlight. We'll be getting February data for Germany, France, and Spain. And that has the potential to influence the ECB outlook, depending on what we get.As things stand, traders are are seeing ~35% odds of an April rate cut with 90 bps worth of rate cuts priced in f

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