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Narrow Ranges In Early Dealing, RBA Headlines In Asia

FOREX

The USD was marginally pressured in Asia this morning however ranges have been tight with follow through on moves limited thus far.

  • USD/JPY prints at ¥132.40/45 ~0.1% softer in today's dealing. The Yen strengthened in early dealing briefly dealing below Monday's low before paring gains.
  • AUD is marginally firmer however ranges have been narrow thus far. From a technical perspective upside resistance comes in at $0.6824 high Feb 24, support is seen at $0.6651 low from Mar 24.
  • Kiwi little changed, NZD/USD faced resistance above $0.63 and pared its marginal gains to sit flat.
  • Cross asset wise; US Treasury Yields are a touch higher and BBDXY is flat. E-minis are ~0.1% softer.
  • The RBA's monetary policy decision headlines in Asia today, the bank is expected to hold the cash rate steady at 3.6%. Further out we have Eurozone PPI and JOLTS Job Openings.
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