• EUR/USD 0.38%, USD/JPY -0.18%, GBP/USD 0.49%, AUD/USD 0.35%

• S&P E-minis 0.41%, DAX -0.66%, Nikkei 225 -0.19%, FTSE -0.16%

• EUR/USD traders are poorly positioned for the rise in oil prices

• USD/JPY downside is limited despite repeated interventions

• GBP/USD vaults 1.36; UK PM Starmer vows to fight on

• AUD/USD rises to intra-day high on U.S. dollar supply

• Option expiries . U.S. Open
(Martin Miller is a Reuters market analyst. The views expressed are his own)