USD Marginally Pressured In Early Asian Trade

The greenback is pressured in early dealing on Wednesday, US equity futures are a touch higher with a marginal move towards risk assets. However ranges have been narrow with little follow through thus far.

• AUD/USD is ~0.1% firmer, at the top of the narrow range observed thus far today. Bulls look to target $0.6806 high from Apr 14 and key resistance. Support comes in at $0.6711 the 50-Day EMA.
• Kiwi is also 0.1% higher. NZD/USD continues to consolidate recent gains and sits at the top of today's narrow range.
• Yen is little changed from yesterday's closing levels, there has been little follow through on moves.
• Elsewhere in G-10 SEK is the strongest performer in the G-10 space at the margins, however liquidity is poor for the currency in Asia-Pac hours.
• Cross asset wise, e-minis are up ~0.1% and US Treasury Yields are a touch lower across the curve.
• There is a thin docket in Asia-Pac today. Further out the highlight today is US Apr CPI print, the MNI preview is here.