USD Pressured In Asia

The greenback is pressured in Asia today, regional equities are firmer and US Treasury Yields are lower. Yen is the strongest performer in G-10 space at the margins.

• USD/JPY prints at ¥130.50/130.60, ~0.8% softer today. Downside support comes in at ¥129.75, 76.4% retracement of the Jan 16 to Mar 8 rally.
• AUD/USD is also firmer, last printing at $0.6690/95. Australian retail sales for February printed as expected at 0.2%. Resistance is seen at 50-Day EMA ($0.6764). Firmer Iron Ore has aided AUD at the margins, futures in Singapore are up ~1.5% as we move back above $120/tonne.
• Kiwi has firmed above its 20-Day EMA ($0.6216), NZD/USD prints at $0.6230/35. Bulls first target a break of $0.6263 (200-Day EMA).
• Elsewhere in G-10 NOK is ~0.4% firmer. EUR is lagging gains seen elsewhere in G-10, EUR/USD is up ~0.1%.
• US Treasury Yields are lower, 2 year yields are down ~5bps. E-minis are ~0.2% firmer and Hang Seng is up ~0.7%. BBDXY is down ~0.3%.
• On the docket today we have ECB speak from Lagarde, US Wholesale Inventories and Consumer Confidence. Fed VC Barr testifies before the Senate Banking Committee.