FXstreet.com (Buenos Aires) - Majors have been trapped in small ranges since late U.S. session close, waiting for Nikkei 225 opening after Wall Street mixed results; DJIA end the day up 0.1% while S&P fell 0.3%. Dollar holds the positive bias against major rivals, and a negative bias in local shares will likely trigger more unwinding of risk positions.

U.S. treasuries 2-year auction signal investors seeking for safer investments, supporting greenback rise. As treasuries end the day lower, USD/JPY could extend current short term downside rally, still considered corrective after recent sharp gains. EUR/USD remains under pressure after printing a two-week low of 1.4770, while GBP/USD holds above 1.6320 key support area.