NZD Firmer In Asia, Moves Limited Elsewhere

Kiwi is the best performer in the G-10 space at the margins on Thursday. NZD/USD is ~0.3% firmer. Elsewhere in G-10 moves have been limited with little follow through.

• NZD/USD prints at $0.6130/35, the pair has firmed through today's Asian session after printing a 6 week low yesterday. NZ Treasury noted that recent floods and cyclone events will add 0.4% to Q1 and Q2 inflation.
• AUD/USD is ~0.1% firmer, the pair has consolidated in a narrow above $0.66 handle on Thursday. Q1 Export prices rose 1.6%, fall of 2.6% Q/Q had been expected and Import prices fell -1.2% Q/Q a rise of 0.3% had been expected.
• Yen is little changed from yesterday's closing levels. USD/JPY has dealt in a narrow 30 pip range for the most part, last printing at ¥133.65/75. Support comes in at ¥133.09 low from Apr 26, Resistance is at ¥134.47 high from Apr 25.
• Elsewhere in G-10 the greenback is a touch pressured, BBDXY is down ~0.1% however there has been little follow through on moves thus far.
• Cross asset wise; E-minis are ~0.2% firmer and US Treasury Yields are little changed across the curve.
• On the wires today we have Eurozone Consumer Confidence, Advance US GDP and Initial Jobless Claims.