Muted Start Across G-10 FX

There has been a muted start to Thursdays trading across G-10 FX, ranges have been narrow with little follow through on moves.

• Kiwi is little changed from yesterday's closing levels, NZD/USD prints at $0.6245/50. The pair was as PPI fell in Q1, Input Q/Q printed at 0.2% the prior read was 0.5% and Output M/M printed at 0.3% the prior was 0.9%.
• AUD/USD prints at $0.6660/65. The pair has observed a narrow ~15 pip range thus far. Resistance comes in at the 50-Day EMA ($0.6710) and support is seen at low May 17 ($0.6629).
• USD/JPY sits a touch below yesterday's high and is consolidating yesterday's gains in a narrow range. However the pair has not yet been able to break above ¥137.72 thus far.
• Cross asset wise; e-minis are flat and US Treasury Yields are a touch lower.
• Participants look to the Australian labour market report, which headlines today's Asian session, the unemployment rate is expected to hold steady at 3.5%. Further out we have US Initial Jobless Claims.