Forex Today: Markets gearing up for another FOMC showing

Forex today saw a quick whip in the charts across the board as risk appetite churned briefly, and the US Dollar saw a mild uptick against the major G10 currencies as traders jostle for position ahead of the US Fed's two-day meeting and subsequent rate call this week, slated to kick off later today and wrap up on Wednesday with a hotly-anticipated rate hike.

BoJ action to cap off the Asia session

The Bank of Japan's (BoJ) Kuroda still remains on the docket for the early Tuesday trading window, with a central banker's speech expected at 05:35 GMT, but outside of the BoJ chair's major appearance the economic calendar remains on the restrained side, and broader markets continue to squirm under the pressure from the ongoing US-China trade spat, with China throwing barbs across the wires throughout much of early Tuesday's Asia session, and markets will be turning their attention to the European theater with continued Brexit unease hindering the Pound, while Italian political troubles continue to plague the Euro.

Political turmoil caps off the European continent's bullish potential

EUR/USD: Firm T-yields and outside-day doji could keep the EUR under pressure

European Central Bank (ECB) bank head Mario Draghi initially lifted hopes of rate hikes after commenting on the above-expetation increases in underlying growth within Europe, then quickly dashed those hopes on the rocks after stating that growth is only conditional on maintaining low rates through to next year, and EUR bulls are left to fend for themselves as the ECB continues to tow a steady line on interest rates, to the chagrin of hopeful bidders,

GBP/USD: Trapped between the 100-day MA and key Fib

The Sterling sees continued pressure on Brexit concerns after the UK's Prime Minister, Theresa May, reiterated that Brexit negotiations are beginning to stall out, with the EU remaining unmoving and giving few concessions, and hard-line Brexiteers within the UK's own parliament threatening to sabotage any agreement that PM May happens to attain.

Key notes

China's Yi: Trade talks with the US can't take place under threats and pressure

When is the BoJ press conference, and how could it affect the USD/JPY?

Breaking News: US and Japan will meet for trade talks on Tuesday

USD/JPY: bullish start in Tokyo despite heavy Wall Street close