Major currencies little changed so far on the day

<p>The most notable thing in the major currencies space since Friday is that USD/JPY has tripped back below the 150.00 mark. That is keeping the dollar in a more tentative spot once more as we continue to see some consolidation against the likes of the euro and pound as well.</p><p>The ranges for today are still leaving a lot to be desired with the aussie seeing a slight gain only after better retail sales data <a href="https://www.forexlive.com/news/australian-data-september-retail-sales-09-mm-vs-03-expected-20231030/" target="_blank" rel="follow">here</a>. The overall risk mood is also slightly better with S&amp;P 500 futures pointing up by 0.4%. This comes as the Israel-Hamas conflict is still playing out but perhaps not as fearful as before the weekend.</p><p>In any case, USD/JPY will remain the one to watch with the BOJ policy decision coming up tomorrow. If it holds below the 150.00 mark, that will be a welcome development for the Japanese central bank. And that in turn could see more exhaustion from dollar bulls going into month-end.</p>

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