Muted Start Across G10 On Tuesday

There has been a muted start across G-10 FX on Tuesday, moves have been limited with little follow through. The Scandies are a touch pressured, NOK and SEK are ~0.2% lower, however liquidity is generally poor in Asia.

• AUD/USD has observed a ~10pip range for the most part of the early Asian session. Support is at $0.6818, high from May 10, resistance comes in at $0.69 the high from June 16.
• Kiwi is a touch firmer, NZD/USD is dealing back above the $0.62 handle however moves remain modest. Q2 Consumer Confidence ticked higher to 83.1 from 77.7 prior.
• Yen is dealing in a narrow range a touch below the ¥142 handle.
• Cross asset wise; 10 Year US Treasury Yields are 5bps firmer and BBDXY is little changed from yesterday's closing levels. WTI futures are ~1% higher.
• 1- and 5-Year Loan Prime Rates from China headline in Asia-Pac today, a 10bp cut is expected in the 1-Year LPR and 15bp cut in the 5-Year LPR. The minutes of the June RBA meeting also cross.