USD/JPY Pushes Higher, A$ Steady Despite Lower Inflation Print

G10 FX trends are mixed as the Wednesday session unfolds. The BBDXY sits little changed, but there are modest divergences within the G10 space.

• USD/JPY has been biased higher, the pair last in the 144.75/80 region, which is +0.20% above NY closing levels from Tuesday. Monday highs above 144.90 aren't too far away.
• We had the very soft earnings data earlier, which may be weighing on yen, but the initial impact was modest.
• US yields have ticked up from earlier lows which may also be helping the pair.
• AUD/USD sits slightly firmer, last 0.6690/95, despite a modest downside miss in the monthly CPI print earlier.
• Other pairs are mostly steady. EUR/USD sits near 1.0930, while NZD/USD is 0.6235/40.
• There is little in the way of further data releases for the Asia Pac session.
• Regional equity trends will be watched, particularly in HK/China. These markets are opening up weaker, but we aren't seeing much spill over to FX at this stage.