Narrow Ranges In Asia

There have been narrow ranges across G-10 FX with little follow through on moves in Asia.

• Kiwi is marginally pressured, NZD/USD trimmed some of yesterday's gains before unwinding a ~0.3% loss to sit ~0.1% lower last printing at $0.5970/75.
• AUD/USD is little changed, the pair briefly dealt above Wednesday's high however there was little follow through and gains were pared. Despite the recent rally the trend outlook is bearish, support comes in at $0.6365 (low from Aug 17) and resistance is at $0.6522 (20-Day EMA).
• Yen is marginally softer, however USD/JPY remains well within recent ranges. Support comes in at ¥144.17, the 20-Day EMA, and ¥143.00, low from Aug 9. Resistance is at ¥146.56 (Aug 17 high) and ¥146.93 (8 Nov 22 high).
• Elsewhere in G-10; SEK is pressured however liquidity is poor in Asia and GBP is ~0.1% firmer.
• Cross asset wise; US Equity futures are firmer after Nvidia's bullish revenue outlook spills over into a wider bid. E-minis are up ~0.7% and NASDAQ futures are up ~1.3%. BBDXY is down ~0.1% and US Tsy Yields are ~1bp firmer across the curve.
• There is a thin docket in Europe today, further out we have US Durable Goods and Initial Jobless Claims.