Antipodeans Pressured In Asia

The antipodeans have been pressured in Asia as waning risk appetite on the lack of detail on further Chinese stimulus has weighs in Asia.

• AUD/USD is down ~0.5%, last printing at $0.6835/40. Support is at $0.6818 high from May 10, resistance comes in at $0.69, high from June 16. AUD/JPY is down ~0.8% after posting its highest level since Sep 2022 on Friday.
• Kiwi is down ~0.5%, NZD/USD prints at $0.6205/10. Bears focus on a move below $0.62 to target the 20-Day EMA ($0.6158). NZD/JPY is down ~0.6%, the pair has trimmed Friday's gains which saw it print the highest level since early 2015. On the wires early in the session May PSI rose to 53.3 and the prior read was revised higher to 50.1.
• Yen is a touch firmer, USD/JPY briefly printed through Friday's high, however resistance was seen ahead of the ¥142 handle. The pair last sits at ¥141.60/70 ~0.1% softer.
• Elsewhere in G-10 NOK is ~0.3% softer however liquidity is generally poor in Asia. EUR and GBP are little changed from Friday's closing levels observing narrow ranges thus far.
• Cross asset wise; US 10-Year Tsy Futures are a touch firmer as is BBDXY. E-minis have pared early gains to sit ~0.1% lower. WTI futures are ~1.5% lower.
• There is a thin data calendar today, US markets are closed for the observance of a national holiday.