Greenback Pressured, Antipodeans Outperform

The USD is pressured in Asia, AUD and NZD are the best performers in the G-10 space at the margins. Regional Equities are firmer boosting risk appetite weighing on the USD, BBDXY is down ~0.3%. US Treasury Yields have ticked away from session highs and now sit marginally lower.

• AUD/USD prints at $0.6705/15, up ~0.8%. The pair has broken through the $0.67 handle on the improving risk appetite, the next upside target is the 20-Day EMA at $0.6723. Stronger metals, Iron Ore futures are up 0.8% and Copper which is up ~1.5%, are aiding the bid in AUD at the margins.
• Kiwi is ~0.7% firmer, NZD/USD last prints at $0.6235/45. The 20-Day EMA ($0.6211) was breached in early dealing and the pair extended gains through the session.
• USD/JPY is ~0.5% softer, the pair prints at ¥133.05/155. The move away from session highs in US Yields have aided the strength in JPY. The bid extended on headlines that the BOJ and Japanese Govt will meet on markets after SVB.
• Elsewhere NOK and SEK are both firmer, both up ~0.7%.
• Cross asset wise; 10-Year US Treasury Yields are ~2bps lower. The Hang Seng is up ~2%, S&P500 e-minis are lagging the bid in Asian equities up ~0.1%.
• In Europe today the final read of Eurozone CPI headlines an otherwise thin docket. Further out US Industrial Production and UofMich consumer sentiment will cross.