Narrow Ranges Across G-10 In Asia

There have been narrow ranges in early dealing across G-10 FX with little follow through on moves in Asia on Friday. Cross asset flows are muted, US Tsys are little changed as are e-minis. The data docket was empty in Asia today.

• Kiwi is the weakest performer in the G-10 space as post-CPI gains continue to be trimmed. NZD/USD is down ~0.2%, sitting a touch below Thursday's lows. On the downside bears look to target the 20-Day EMA ($0.5926), which opens the low from 14 Nov at $0.5864.
• Yen has marginally firmed alongside a bid in JGBs seen after BOJ's Ueda reiterated recent policy comments. USD/JPY is down ~0.1% and remains well within recent ranges.
• AUD/USD is little changed today and has observed a $0.6460/75 range. Technically the bull cycle remains in play, resistance comes in $0.6542 (high from Nov 15) and $0.6582 50.0% retracement of the Jul-Oct bear leg. Support is at the 50-Day EMA ($0.6415).
• Elsewhere across G-10 there has been little moves of note thus far today.
• The final read of Eurozone CPI and UK Retail Sales headline in Europe, otherwise the data docket is fairly light today.