Forex Markets Eye Quiet Session; Fed's Bowman Unlikely to Move USD

Forex markets are set for a subdued session as the economic calendar remains largely empty across major regions. The European session carries no scheduled data releases, leaving traders without fresh catalysts. Fed Governor Bowman is slated to speak at a Bank Policy Institute Roundtable on Modernizing Financial Regulation, though the topic suggests she is unlikely to address the current economic outlook or monetary policy direction. As a result, major USD pairs including EUR/USD, GBP/USD, and USD/JPY are expected to trade within tight ranges, driven primarily by position adjustments and technical flows. Without meaningful data or central bank guidance, volatility is likely to remain compressed. Traders may look to position ahead of upcoming macro events later in the week. Near-term price action will be dictated by prevailing trends and any unexpected geopolitical developments. This low-activity environment favors range-bound strategies, with breakout traders advised to wait for stronger directional catalysts before committing to positions.