Antipodeans Pressured In Asia

Risk sentiment has soured in Asia today, spilling over into pressure on the Antipodeans. USD/JPY firmed through ¥145 before paring gains early in the session.

• AUD/USD prints at $0.64656/70, the pair is ~0.4% lower today. Bears target the low from May 31 ($0.6458) a break through here opens $0.6403, 76.4% retracement of Oct 22-Feb 2023 bull leg.
• Kiwi is down ~0.4%, bears target the $0.59 handle which opens the low from 10 Nov 2022 ($0.5841).
• USD/JPY has pared early gains, the pair printed its highest level since Nov 2022, and now sits little changed from opening levels. Technically the high from June 30 has been broken, bulls now target ¥145.69, 1.618 projection of Jul 14-21 price swings, and ¥146.38, Jul 14-21-28 price swing.
• Elsewhere in G-10; SEK is down ~1% and is the weakest performer in the space. There is no obvious headline driver, liquidity is generally poor in Asia.
• Cross asset wise; the Hang Seng is down ~2.4% and e-minis unwound a ~0.2% gain to sit down ~0.3%. US Tsys are marginally cheaper. BBDXY is up ~0.2%.
• There is a thin docket on Monday with German Wholesale Prices the only release of note.