For now, risk tones are keeping calmer as US futures are little changed and Treasury yields mildly higher on the day. S&P 500 futures are flat at the moment while 10-year yields are up 3 bps to 3.32%. The market is still settling in and trying to figure out what comes next after the Fed decision yesterday.

In FX, the dollar is trading more mixed and in the event of any further retracement, the technicals will be key. But in the bigger picture, I’d expect the greenback to hold its ground for the most part. The euro has the whole fragmentation headache to deal with while the pound is weighed down by the fact that the UK is leading the recession race. Meanwhile, the BOJ continues to throw the kitchen sink to maintain yield curve control and that isn’t too comforting for the yen.

I’ll put up some previews to the SNB and BOE later as the central bank decisions are all there is to focus on in the session ahead.

0730 GMT – SNB announces its June monetary policy decision
1100 GMT – BOE announces its June monetary policy decision

That’s all for the session ahead. I wish you all the best of days to come and good luck with your trading! Stay safe out there.