JPY Pressured In Asia, Greenback Firmer

JPY has been pressured in today's Asia-Pac session, Yen is currently the weakest performer in G-10 space at the margins.

• USD/JPY prints at ¥132.10/20, ~0.6% firmer in today's trading. The pair looks to be playing catch up with the more supportive yield environment for the USD as US-JP 10 year swap spread has widened in recent dealing.
• AUD/USD prints at $0.6906, ~0.1% softer today. The pair has dealt in a narrow $0.6890/30 range for the majority of the session with support seen below $0.69. Pressure from lower Copper and Iron Ore has weighed on the Aussie.
• Kiwi is little changed from today's opening levels at $0.6300/05. NZD/USD has observed narrow ranges with dips below $0.63 supported and resistance seen above $0.6320.
• CAD and NOK are both ~0.3% softer; facing pressure from weaker Oil prices, WTI is down ~1%.
• EUR and GBP are both ~0.1% lower.
• Cross asset wise, e-minis are down ~0.4% and BBDXY is ~0.3% firmer. US Treasury Yields are little changed, although the front end 2yr yield is +1bps to 4.53%.
• There is a thin data calendar today. ECB speak from Lagarde and Panetta as well as Fedpseak from Gov Bowman provides the highlight of the day.