Greenback Marginally Pressured In Asia

The USD is marginally pressured in Asia today, the greenback has trimmed some of its recent gains and BBDXY now sits a touch above its 200-Day EMA. Ranges do remain narrow thus far on Tuesday and moves have been relatively limited thus far.

• Yen is a touch firmer, USD/JPY printed a low as news crossed that BoJ Governor Ueda will meet with Japan PM Kishida today however losses were pared and we now sit a touch above the ¥146 handle. Technically the uptrend in USD/JPY remains intact, resistance comes in at ¥146.56 (Aug 17 high) and ¥146.93 (8 Nov 22 high).
• Kiwi is up ~0.2%, last printing at $0.5935/40. NZD/USD does however remain well within recent ranges. Bulls look to regain the $0.60 handle to target the 20-Day EMA ($0.6039).
• AUD/USD is ~0.1% firmer sitting a touch above $0.6420. Resistance is at $0.6480 (high from Aug 16).
• Elsewhere in G-10 the Scandies are leading the bid, although liquidity is generally poor in Asia. EUR and GBP are both up ~0.1%.
• Cross asset wise; e-minis have erased early losses to sit little changed and the Hang Seng is a touch firmer. BBDXY is down ~0.1% last printing at 1238.30, the 200-Day EMA comes in at 1237.71. US Tsy Yields have trimmed early gains and sit unchanged across the curve.
• There is a thin docket in Europe on Monday.