investingLive European FX news wrap: markets steady, oil prices on the rise again

Today's market is relatively quiet with limited notable economic data or news. The highlight is Japan's Finance Minister Katayama's comments regarding currency intervention, which led to a spike in JPY during the Asian session. The currency has been bouncing around session highs since then. Meanwhile, crude oil prices are on the rise as market participants hedge against potential weekend risks. A report from Fox News stated that US military assets are moving to the Middle East, with military transit expected to take about a week. This adds uncertainty, especially with potential developments involving Trump. US Treasury yields have continued to rise following yesterday's strong jobless claims data. In the American session, various indicators like Canadian Housing Starts and US Industrial Production are scheduled for release but are unlikely to be market-moving unless significant deviations occur. Fedspeak from Bowman and Jefferson is also anticipated but may not provide new insights.