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Muted Asian Session Across G-10


It has been a muted Asian session across G-10 FX on Wednesday, ranges have been narrow for the most part with little follow through on moves. Cross asset wise; US Tsy Yields are a touch lower as is BBDXY.

  • The Yen has continued to trim some of yesterday's post BOJ losses however USD/JPY remains well within recent ranges. The pair sits ~0.2% lower today last printing at ¥143.50/55 as the downtick in US Tsy Yields adds a level of support for the Yen. Resistance is at ¥145.26 76.4% retracement of the Dec 11 - 14 sell-off. Support comes in at ¥142.25 Dec 19 low.
  • AUD/USD is ~0.1% firmer and is testing Tuesday's session highs. The uptrend in AUDUSD remains intact, bulls target break of resistance at the $0.6800 handle and $0.6821, the Jul 27 high.
  • Kiwi is also a touch firmer, NZD/USD has broken Tuesday's high and has continued to tick higher albeit in a narrow range. Bulls focus on the $0.63 handle.
  • There are no other moves of note in the space.
  • UK CPI provides the highlight of today's European session.

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