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Muted Start In Asia


It's been a muted start in G-10 FX in Asia this morning. There has been little meaningful moves thus far.

  • AUD/USD prints at $0.6760/65, little changed today with a narrow range observed thus far. On the wires shortly we have Jan Private Sector House (exp -2.1%) and Building Approvals (exp -7.0%).
  • Kiwi is marginally softer, down ~0.1% however there has been little follow through on the move thus far. Q4 Terms of Trade printed at 1.8%, rising from -3.4% prior.
  • Yen is little changed, USD/JPY prints at ¥136.10/20. Q4 Capital Spending rose 7.7% a touch above expectations, whilst Company Profits was below expectations printing -2.8% vs 8.4% exp
  • Elsewhere in G10 ranges have been narrow, with little follow through on moves. EUR and GBP are flat, NOK is marginally pressured.
  • Cross asset wise; US Equity Futures are marginally firmer and BBDXY is little change thus far. US Treasury Yields are flat across the curve.
  • Australian Building Approvals are due shortly. Further out we have Eurozone CPI and unemployment, and US Initial Jobless Claims.

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