Greenback Little Changed In Asia

The USD sits little changed in Asia, ranges have been narrow with little follow through on moves. BBDXY is unchanged from Wednesday's closing levels.

• AUD/USD is marginally pressured, the pair sits at $0.6770/75 down ~0.1% today. The pair briefly firmed as reports crossed that the RBA has considered a scenario of the cash rate rising to 4.8% however gains were pared and pressured marginally extended as Chinese inflation figures were softer than expected.
• Kiwi is little changed from yesterday's closing levels. NZD/USD briefly broke Wednesday's high however there was little follow through on the move and gains were pared.
• Yen firmed in early dealing with USD/JPY down as much as 0.3% dealing below the ¥134 handle. However JPY couldn't hold its gains and we now sit at ¥134.20/30. There is little reaction to the BoJ Summary of Opinions from the April meeting.
• Elsewhere in the G-10 space EUR and GBP are a touch lower. SEK is the weakest performer at the margins however liquidity is generally poor in Asia.
• Cross asset wise; e-minis are ~0.2% firmer and 2 Year US Treasury Yields are ~2bps firmer.
• The latest monetary policy decision from the Bank of England is the highlight in Europe today. Further out we have US PPI and Initial Jobless Claims.