Week begins in slow motion as investors await a new catalyst

USD/JPY trades above the 111.00 level as the trading week started in slow motion, with the U. S. dollar edging diffidently lower against high-yielding rivals, but up roaring vs the JPY.
The Japanese currency was hit by higher US Treasury yields on the 10-year note’s surge to 1.51%, its highest since July.
Chinese equities posted modest advances amid easing concerns related to the Evergrande’s debt crisis.
The U. S. central bank has paved the way to trim its pandemic-related facilities, with Wall Street dealing quite well with the latest trend.
Global indexes ended mixed, as investors lacked a catalyst, trying to figure out what soon means for the U. S. Federal Reserve.
EUR/USD remained depressed, consolidating at around 1.1700. The GBP/USD pair posted a modest intra-day progress and settled just above the 1.3700 level.
Commodity-linked currencies were the best performers, trimming Friday’s losses. AUD/USD trades around 0.7290 and USD/CAD at around 1.2625.
Gold posted a unaffected intra-day progress, currently trading around USD 1,750 per ounce.
Crude oil prices were firmly higher, with WTI settling at USD 75.30 per barrel.
Being the last week of the month, the macroeconomic calendar has little to offer.
The US will release the final reading of its Q2 Gross Domestic Product, while Europe will provide inflation updates.