Narrow Ranges, RBA SoMP Eyed

We've seen narrow ranges across G-10 FX this morning, the greenback is marginally firmer in early trade.

• USD/JPY is ~0.1% firmer, last printing ¥131.65/70. Jan PPI printed below expectations, YoY 9.5% vs 9.7% exp and the MoM read was flat.
• AUD/USD has dealt in a narrow 10 pip range, last printing $0.6932/35 and is unchanged from yesterday's closing levels. On the wires shortly is the RBA SoMP, with the focus on the bank's inflation forecasts.
• Kiwi is ~0.1% softer today. NZD/USD dealing a touch off session lows last printing at $0.6320/25. Jan BusinessNZ Manf PMIs were on the wires this morning, the measure is back in expansionary territory at 50.8 rising from the prior of 47.2. Jan Card Spending rose 3.3% from -1.2% prior.
• EUR and GBP are marginally softer.
• Cross asset wise US equity futures are little changed this morning and US Treasury YIelds are ~1bp firmer across the major benchmarks. BBDXY is ~0.1% firmer.
• As mentioned on the wires shortly we have the RBA's SoMP, further out in Asia CPI and PPI data from China crosses. Further out we have UK GDP, the Canadian labour market report and UoM consumer sentiment survey. Elsewhere, Fedspeak from Gov Waller and Philadelphia Fed President Harker will cross.