Greenback Marginally Pressured In Early Asian Trade

The USD is under mild pressure in early Asian trading, an early rally in US Equity Futures has lifted risk sentiment.

• AUD is the strongest performer in G10 space at the margins, AUD/USD is ~0.2% firmer. Q4 Private CapEx data printed at 2.2% above the 1.1% estimate, rising from -0.6% prior. The pair has ticked away from yesterday's lows, support came in below $0.68 last printing at $0.6810/15.
• Kiwi is also firmer, NZD/USD is up ~0.1%. RBNZ Gov Orr was on the wires this morning, he noted that it would take a significant inflation shock to return to 75bps and that he is confident of a return to low, stable inflation.
• USD/JPY is marginally softer this morning, last printing at ¥134.90/95. Japanese markets are closed for the observance of a public holiday, liquidity in JPY pairs will be reduced.
• Elsewhere moves have been limited with little follow through. EUR and GBP little changed, and have observed narrow ranges.
• US Equity futures are firmer, NASDAQ futures are up ~0.6% as Nvidia gave a bullish revenue outlook for the current quarter. DDBXY is down ~0.1%.
• There is a thin data calendar for the remainder of the Asian session, the aforementioned Japanese holiday will affect general liquidity in the Asia-Pac session. Further out we have Eurozone CPI, US GDP and Initial Jobless Claims, Fedpseak is also due to cross.