Narrow Ranges In Early Trade

There have been narrow ranges across G-10 FX in early dealing on Tuesday, moves have had little follow thus far.

• Yen sits a touch firmer after a strong Japanese GDP print of 6.0% Y/Y firmer than the expected 2.9%. USD/JPY dropped ~0.1% however losses have been marginally pared.
• AUD/USD is little changed from opening levels, a ~10 pip range has been observed for the most part. Short term AUD/USD trend conditions remain bearish, support comes in at $0.6458 low from May 31 and bear trigger.
• Kiwi is marginally softer however narrow ranges are persisting.
• Elsewhere in G-10 SEK is pressured however liquidity is generally poor in Asia.
• Cross asset wise; e-minis are firmer as are US Tsy Yields albeit only marginally. BBDXY is unchanged.
• Still to come in today's Asian session we have RBA minutes of July meeting, Australia Q2 WPI and Chinese July Economic Activity.