Slight Risk Averse Tone In Early Dealings, AUD/JPY Back Close To 89.50

FX markets have started off Monday's session in muted fashion. If anything, a slightly risk averse tone is present, with USD/JPY back sub 134.00 (last near 133.90), while AUD and NZD are struggling to gain much traction. This is line with a weaker tone to US equity futures since the open (~0.20-0.25%). The BBDXY is close to unchanged and holding above 1225 for now.

• AUD/USD has struggled to hold above 0.6700 in early dealings, the pair last 0.6685/90, slightly down on NY closing levels from Friday. We haven't breached lows from Friday though, just under 0.6680. AUD/JPY is back close to 89.50.
• NZD/USD is just under 0.6140, also struggling to maintain any upside momentum, albeit outperforming AUD at the margins.
• Note AU and NZ markets are closed tomorrow for the ANZAC day holiday, with some in the region potentially taking a 4-day weekend, so this may impact liquidity in both markets today.
• There are no major regional risk events today, with UK Rightmove house prices rising 0.2% m/m in April, the only data of note. GBP/USD is a touch higher, last in the 1.2440/45 area. EUR/USD is steady, just under 1.0990.
• Looking further ahead, we have the German IFO out later, along with the ECB's Panetta. In the US, the Dallas Fed manufacturing survey is the main focus point from a data standpoint.