Muted Start Across G-10 FX

There has been a muted start across G-10 FX on Thursday, ranges have been narrow with little follow through on moves thus far.

• Yen is a touch pressured as it winds back some of yesterday's outperformance, USD/JPY is ~0.1% firmer and last prints at ¥140.40/50. Resistance comes in at ¥142.08, 61.8% retracement of Jun 30 - Jul 14 bull leg. Support is at ¥139.75 low from July 21.
• The Antipodeans are marginally firmer as they pare some of yesterday's underperformance in the G-10 space. AUD/USD is ~0.1% firmer as is NZD/USD.
• Elsewhere in G-10 NOK is marginally pressured however liquidity is generally poor in Asia. GBP and EUR sit a touch below opening levels operating in narrow ranges.
• Cross asset wise; e-minis are a touch firmer and BBDXY is up ~0.1%. US Tsy Yields are little changed across the curve.
• The highlight of todays docket is the ECB monetary policy decision. We also have a slew of US data due including GDP, durable goods orders, initial jobless claims and wholesale inventories.