From Marc to Market:
The US dollar is mixed against the G10 currencies. Despite yesterday’s constructive price action, there has been little follow-through buying today. Mostly narrow ranges prevail. While the Japanese government reported signaled acceptance of faster rate hikes, the greenback has held above JPY159 and the 10-year JGB yield edged higher. It has not fallen since last Thursday.
US Energy Secretary Wright claimed that almost 9 mln barrels of oil a day transited the Strait of Hormuz over the past week, which is well above the 4-5 mln barrels estimated by those tracking flows. Still, the actual amount is indeterminate as many vessels are tuning off transponders and GPS. Satellite-imagery vendors have reportedly ceased sales of high-resolution pictures....
....MUCH MORE
It's quiet out there. Too quiet.
