Greenback Bounces; BoJ Eyed

The greenback has risen in early Asia-Pac trade, DXY up 0.062 at 90.869. There were reports that a Democratic Senator wants to split the infrastructure bill into two packages to increase the chances of getting bipartisan support. With little else to drive price action so far this has put some pressure on antipodean crosses and lifted USD/JPY slightly.

• AUD/USD is down 1 pip at 0.7799, NZD/USD is down 2 pips at 0.7234. In Australia ANZ Consumer Confidence fell to 112.4 from 114.0 previously, the three-day lockdown of the Perth and Peel region following the emergence of new COVID-19 infections led to a fall of 1.4% in consumer confidence.
• In New Zealand FinMin Robertson acknowledged potential downsides of the proposal to give the Finance Minister greater power to restrict lending, but argued that it would enable the gov't to address "distributional trade-offs and societal preferences."
• USD/JPY is up 4 pips at 108.12, the BoJ are set to deliver their latest monetary policy decision & outlook report today, no change is expected. There is no fixed time of the announcement.
• The yuan is weaker after gaining throughout the session on Monday, USD/CNH bottomed out at a two-month low of 6.4708 and has bounced to 6.4740. Industrial profits data is awaited.