Dense Data Docket

AUD and NZD have made tentative steps to extending Wednesday's gains early in the session, the greenback dipped overnight despite the FOMC minutes showing the board considering a taper as early as November while CPI rose above expectations, the narrative appears to be buy the rumour sell the fact. Market has ignored comments from RBA's Debelle early on and await labour market data.

• JPY softening slightly after gains overnight. In Japan a survey showed that corporates support PM Kishida's additional fiscal stimulus plan with hopes it will be worth at least JPY 10tn. Kishida is expected to formally sign off on dissolution of the House of Representatives today and schedule a general election for Oct 31.
• The Turkish lira has been battered after Pres Erdogan ousted three central bank policymakers after meeting with CBRT Gov Kavcioglu. The lira printed fresh record lows before paring some losses, it remains the worst performer in EMFX space.
• Looking ahead Australian labour market data, Chinese inflation prints and a speech RBNZ's Bascand are the highlights in Asia, while further afield US PPI figures are due and central bank speakers include BoE's Tenreyro, Fed's Bullard and Bostic as well as ECB's Knot.
• A reminder that liquidity could be thin in the Asia-Pac session with Hong Kong markets shut in observance of Chung Yeung Festival.