Greenback Marginally Pressured, G-10 Moves Limited

The USD is marginally pressured in early Asia-Pac trade, however moves have been limited thus far.

• Yen is firmer, USD/JPY is down ~0.1%. The pair has observed a narrow 20 pip range this morning and last prints at ¥132.25/30. Preliminary print of Q4 GDP was 0.6% YoY, lower than the expected 2.0% with the prior number revised lower from 0.8% to 1.0%.
• NZD/USD is up ~0.1% last printing a touch of the top of its narrow range at $0.6360/65. Jan Food Prices rose 1.7%, adding to the inflationary pressures in the economy. REINZ continue to fall Jan House Sales YoY down 27.0%.
• AUD/USD is little changed, last printing $0.6965/70. February Westpac Consumer Confidence fell -6.9% MoM with the index printing 78.5 with rising rates and cost-of-living pressures weighing on households.
• Moves elsewhere in G-10 are limited; EUR, GBP and NOK are all ~0.1% firmer.
• Cross asset flows are muted; US Equity futures are little changed, BBDXY is down ~0.1% and US Treasury Yields are ~0.5bps firmer across the curve.
• The announcement of the new BOJ Governor (11am Tokyo, 2am London) headlines the Asia-Pac session. Further out, U.S. Jan CPI is in focus, prior to that UK Labour Market Survey and Eurozone GDP is on the wires. There is also a slew of Fed speakers and ECBs de Guindos will also cross.