USD Marginally Pressured In Asia

The greenback is marginally pressured in Asia as US Tsy Yields tick lower. An early move lower in USD/JPY spilled over into the wider space, however the move didn't follow through and the pair sits unchanged.

• USD/JPY printed an early session low at ¥146.59 in volatile trade as Finance Minister Suzuki reiterated that Japan won't rule out any options to address excessive FX moves. Losses were pared through the session and the pair sits at ¥147.20/25.
• Kiwi is leading the bid in Asia, NZD/USD is up ~0.3%. The pair briefly dealt above the $0.59 handle however the move didn't follow through and gains were marginally pared.
• AUD/USD is ~0.2% firmer benefiting from the general move lower in the greenback. The pair was unable to breach the $0.64 handle and remains well within recent ranges.
• Elsewhere in G-10, EUR and GBP are both up ~0.2%. The Scandies are firmer however liquidity is generally poor in Asia.
• Cross asset wise; BBDXY is down ~0.2% and 2-Year US Tsy Yields are ~2bps lower. E-minis are a touch firmer, and markets in Hong Kong were closed for the morning due to a rainstorm.
• The final read of August CPI from Germany provides the highlight in Europe today.