USD holds steady as FX volatility hits extreme lows across majors

The US dollar remains unchanged at the start of the US trading session, with major currency pairs trapped in exceptionally tight ranges. EUR/USD is confined to just 14 pips of movement, while GBP/USD has traded within a narrow 33-pip band and USD/JPY shows only 50 pips of volatility. This compression in price action reflects extreme market uncertainty as traders await clearer directional catalysts. The lack of significant economic releases and cautious positioning ahead of upcoming data has created a vacuum in FX markets. Technical indicators suggest potential breakout setups forming across major pairs, with EUR/USD testing the 1.0300 support zone and USD/JPY consolidating near 157.50. Traders should prepare for potential volatility expansion as compressed ranges typically precede sharp directional moves once key levels are breached.