A$ -2.2% Past Week, AUD/JPY Back Above 200-day MA Though

AUD/USD tracks near 0.6540 in early Friday dealings, slightly above intra-session lows from Thursday trade (0.6515). The A$ still lost 0.65% for Thursday's session, the second worst performer behind NZD (-0.73%). At this stage the currency remains the worst performer in the G10 space for the past week, down nearly 2.2%.

• Downside AUD/USD focus rests with the May 1 low at 0.6465, while the simple 200-day MA is back higher around 0.6590, the 100-day just above 0.6600.
• Focus remained on AUD/JPY, which got to lows of 99.215 before rebounding. The pair last near 100.60/65, back above the simple 200-day MA (99.865).
• USD/JPY received some support post firmer US growth numbers, helping curb the steep descent in the pair. US yields were weaker at the back end but stable at the front end (4.43% for the 2yr), as the curve flattened.
• In the equity space, losses were seen for the major indices, albeit not as large as Wednesday trade (SPX -0.51%). The Bloomberg aggregate commodity index fell 0.53%, the metals sub index -0.33%, the 9th straight fall. Iron ore saw some gains, back to $102.6/ton, finding support sub $100/ton.
• The local data calendar remains empty today, with building approvals out next Tuesday, although Wednesday's Q2 CPI print will be the main focus.