The US dollar is showing broad firmness today, supported by a constructive market sentiment and stronger-than-expected data from yesterday's JOLTS and ISM reports. A sell-off in US equities weighed on Asia-Pacific markets, while Europe's Stoxx 600 has risen for a third consecutive session.
Gold remains steady but is trading below yesterday's highs, and February WTI crude oil has surged, reaching nearly $75.30—a level last seen in October when it briefly approached $76.50.

Asia-Pacific Markets
The US dollar reached JPY158.40 yesterday, marking its highest level since July. While it pulled back to JPY157.50 in Europe, stronger-than-expected US data drove it back to session highs, buoyed by an eight-month high in the US 10-year Treasury yield. The greenback is trading within a narrow range today. Persistent yen weakness may fuel speculation about a potential Bank of Japan rate hike later this month.

European Markets
The euro consolidated near the upper end of Monday’s range yesterday but failed to maintain upward momentum. While the 20-day moving average has been briefly breached during intraday trading, the euro hasn’t closed above this level since December 9. Currently trading near $1.0405, the euro is under pressure, with disappointing German economic data acting as a significant drag.

American Markets
The Dollar Index has rebounded after retracing gains made following the December 18 FOMC meeting. After closing above 108 that day and rallying to nearly 109.55 at the start of the year, it dipped to 107.75 on Monday. Yesterday, it posted an inside day but closed near session highs and is now approaching 109.00.
Today’s US trading session features three key highlights: ADP Employment Report, Treasury Auctions, and FOMC Minutes: Investors will closely scrutinize the minutes from the December meeting for signals on the Fed’s future monetary policy path.