BBDXY Through Post Fed Lows

The greenback has been pressured in Asia, BBDXY has ticked through Wednesday's post FOMC lows printing its lowest level since Apr 14. Escalating concerns about regional banks, as PacWest fell as much as 60% in post market trade following a report that it's said to weigh strategic options including a sale, saw risk assets pressured however losses were pared through the session.

• AUD/USD is ~0.2% firmer, the pair firmed off session lows with US Equity futures. We last print at $0.6685/90 after rising ~0.7% from trough to peak. March Trade Balance printed a stronger than forecast surplus of $15.269bn.
• Kiwi is also ~0.2% firmer, NZD/USD found support at $0.62 rising ~0.6% from session lows to print $0.6240/45. March Building Permits rose 7.0% M/M, and April ANZ Commodity Prices fell 1.7%.
• Yen firmed through the session, post Fed lows were breached and JPY held its gains through the session. Support was seen at the 20-Day EMA (¥134.40).
• Elsewhere in G-10 NOK and SEK are ~0.3% firmer however Asia-Pac liquidity is generally poor. EUR and GBP are both ~0.2% firmer following the broader USD trend.
• Cross asset wise; WTI futures are ~0.5% firmer after being down 7% in early dealing. E-minis are marginally firmer erasing an early 0.5% loss. BBDXY is down ~0.3%.
• The ECBs monetary policy decision provides the highlight today, the bank is expected to raise its key policy rates 25bps. The MNI preview of the event is here.