Major FX Pairs Face Quiet Day Amid ECB Minutes and US Data Void

Major currency pairs are experiencing subdued trading conditions with minimal volatility as markets face a data vacuum. The European session features only the ECB meeting minutes release, historically a non-market moving event containing already disclosed information. The anticipated US weekly jobless claims data has been delayed due to the government shutdown, removing a key economic indicator from today's calendar. This leaves traders dependent on central bank speakers who continue reiterating familiar policy stances without new insights. The absence of fresh economic data is keeping EUR/USD, GBP/USD, and USD/JPY within tight ranges near recent levels. Market participants are likely to maintain cautious positioning until more substantial data releases return. The lack of catalysts suggests continued range-bound trading across major pairs, with technical levels gaining increased importance in the absence of fundamental drivers.