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Muted Start Across G-10 FX, Australian Labour Market Report On Tap

FOREX

There has been a muted start across G-10 FX this morning, the latest North Korean missile test saw some marginal strength in the yen however the move was limited with little follow through.

  • USD/JPY was offered as news of the missile test crossed, the pair found support below ¥133 and now deals a touch above the handle. March M2 Money supply printed at 2.6%, M3 printed at 2.1%.
  • AUD/USD has observed a narrow 10 pip range this morning, the pair did briefly firm however resistance was seen at $0.67 and gains were pared to current levels.
  • Kiwi is a touch softer, however NZD/USD is holding above $0.62 for now.
  • BBDXY is unchanged from yesterday's closing levels and e-minis are ~0.1% softer. US Treasury Yields are little changed across the curve.
  • The March labour market report from Australia headlines the Asia-Pac session today, the print is due in just under an hour and an uptick in the headline unemployment rate to 3.6% is expected. Further out final German CPI, UK GDP and US PPI as well initial jobless claims.

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