US: Plurality Of Americans Want Iran War Ended "As Soon As Possible"

• US Data/Speaker Calendar (prior, estimate). All times ET
• 04/02 0830 Initial Jobless Claims (210k, 212k), Continuing Claims (1.819M, 1.836M)
• 04/02 0730 Challenger Job Cuts YoY (-71.9%, --)
• 04/02 0830 Trade Balance (-$54.5B, -$60.9B)
• 04/02 0830 Imports MoM (-0.7%, -0.2%), Exports MoM (5.5%, -2.3%)
• 04/02 1015 Dallas Fed Logan banking conference
• 04/02 1130 US Tsy $80B 4W, $75B 8W bill auctions
• 04/02 1245 Fed VC Bowman banking conference
• 04/02 1235 Chicago Fed Goolsbee on monetary policy
• Source: Bloomberg Finance L.P. / MNI

From the NFP preview above but following questions on Friday's trading hours with the release landing on Good Friday for the first time since 2021: 

• It sees a condensed session for markets with Treasuries closing at 1115ET (futures)/1200ET (cash) and a particularly abrupt equity session with futures closing just 45 minutes after the publication at 0915ET with cash closed all day. 

• Amid the cautiously optimistic tone for risk on Wednesday, the dollar index has been consolidating towards session lows across the US session, keeping G10 FX peers on the front foot. Today’s 0.5% drop for the DXY helps extend the pullback from cycle highs to over 1%. GBP, CHF and Sek are among the best performers, while JPY has relatively underperformed.
• GBP’s 0.85% shows yet another failed attempt below 1.3250, with the pair pressing towards 1.3350 into the APAC crossover. While the firmer risk tone has been the primary driver, we did also have headlines from BOE Governor Bailey, who said the market may be getting ahead of itself in pricing in upcoming rate hikes. While a potentially bearish impulse, GBP may be garnering support from the angle that easier policy could foster growth in the UK.
• USDJPY has had a relatively stable session, holding close to 158.50 throughout. Today's better than expected Tankan print hasn't impacted yen sentiment, while earlier we highlighted BoJ Asada’s inaugural comments as he starts a five-year board term, who is expected to form a 'reflationist' wing on the BoJ board alongside Sato set to join in June.
• For EURUSD, spot has reclaimed the 1.1600 handle amid the broader dollar offer. Notably, yesterday’s price pattern is a bullish engulfing candle, which is a short-term reversal signal and if correct, suggests potential for a stronger bounce. Resistance to watch is 1.1648, the 50-day EMA.
• The turnaround for risk has helped reverse the latest downswing for the Aussie, with yesterday’s bounce negating the consecutive streak of seven lower sessions that saw that saw spot extend its pullback from the March highs to ~5%. Today’s move back to 0.6950 narrows the gap to initial firm resistance at 0.6986, the 20-day EMA.
• Markets will await President Trump’s address to the nation at 2100ET late Wednesday, before the focus shifts to Swiss CPI and US jobless claims on Thursday, data that will precede Friday’s release of US NFP.