Greenback Little Changed In Asia

BBDXY is little changed in Asia today, NZD and JPY are both marginally pressured.

• USD/JPY prints at ¥134.50/60 ~0.3% firmer today. Higher Yields in the short end of the US Treasury curves are weighing on the yen.
• Kiwi is pressured, printing at $0.6220/25. The pair fell from session highs, which were just ahead of the 200-day EMA ($0.6267) as S&P flagged that New Zealand's credit rating could come under pressure, link here. Early in the session Q4 Balance of Payments printed at -$9.458bn, wider than the 7.675bn deficit forecast. The prior read was also revised wider to -$11.403bn.
• AUD/USD was firmer post China activity data, which showed better than expected housing related outcomes. Other prints were close to expectations and A$ gains weren't sustained, now back sub 0.6690 (although AUD/NZD is still higher, last near 1.0750). For AUD/USD Upside resistance comes in at $0.6739, 20-Day EMA.
• Elsewhere moves have been modest with little follow through, EUR and GBP are marginally firmer.
• Regional equities are firmer, Hang Seng is ~1% firmer and US Equity futures are marginally firmer. The US Treasury curve is flatter.
• Final read of French CPI and EU Industrial Production headline an otherwise thin docket in Europe. Further out we have US Business Inventories, Retail Sales, PPI and Empire Manufacturing.