Narrow Ranges In Asia

There have been narrow ranges across the G-10 space in Asia, with little follow through on moves. US Tsy Yields are a touch firmer across the curve and Oil is lower briefly erasing all the gains seen since the Hamas attack on Israel. US Equity Futures are firmer as are regional equities.

• AUD/USD is marginally firmer and last prints at $0.6415/20. Technically the outlook remains bearish, support comes in at $0.6287 2.00 projection of the Jun 16-Jun 29-Jul 13 price swing. Resistance is at $0.6445, high from Oct 11.
• Kiwi is the weakest performer in the G-10 space. NZD/USD fell ~0.3% from peak to trough, however the move didn't follow through and the pair now sits ~0.1% below opening levels.
• Yen is little changed and is consolidating above ¥149 this morning. USD/JPY is still in an uptrend, key support is at ¥147.43 the low from Oct 3 and resistance is at ¥150.16 high from Oct 3 and bull trigger.
• Elsewhere in G-10 CHF is the strongest performer at the margins however liquidity is generally poor in Asia.
• The highlight of todays session is the September CPI print from the US. Prior to that in Europe the August GDP print from the UK is due.