USD Firms, JPY & NZD Remain Underperformers

The USD is tracking higher, in a continuation from yesterday's post Asia close price action. The BBDXY is up a further 0.10%, last sitting near 1255.50. Cross asset signals remain supportive from a US yield standpoint, with the 2yr to 10yr part of the curve up a further 1.0-2.0bps in yield. Regional equities are mostly lower, as are US futures, albeit modestly.

• Losses against the USD are fairly uniform across the G10 space. NZD and JPY are seeing some slight underperformance.
• USD/JPY is slightly down from session highs, last near 133.75, a further +0.20% for the session so far. Earlier highs in the pair were close to 133.95. The BOJ Opinion Summary from its last policy meeting continued to push back on the idea that the wider yield band was a shift towards exiting ultra-loose monetary policy conditions. This and the US yield moves are aiding USD sentiment against the yen.
• NZD/USD is back to the low 0.6260 region, off a further 0.20%. The 200-day EMA is close by at 0.6255.
• AUD/USD is back to 0.6725, outperforming the NZD at the margins. The AUD/NZD cross last near 1.0740.
• Most other majors are 0.10-0.10% weaker against the dollar.
• There isn't in much in the way of fresh risk events for the rest of the Asia Pac session.