USD Pressured In Asia

The greenback has been pressured in Asia today after yesterday's FOMC rate decision and press conference as Fed Chair Powell noted that any further hikes are data dependent. The Antipodeans are leading the bid, BBDXY is down ~0.2%.

• Kiwi is the strongest performer in the G-10 space at the margins. NZD/USD last prints at $0.6255/60 and is up ~0.8%. The pair has cleared its 200-Day EMA ($0.6229) in Asia and sits at its highest level since 20 July.
• AUD/USD is up ~0.7%, the pair last prints at $0.6805/10. Resistance comes in at $0.6847 (high from Jul 20) and $0.69 (high from June 16).
• Yen is ~0.3% firmer, USD/JPY has breached the ¥140 handle and last prints at ¥139.75/85. The pair found support below ¥139.75, the low from July 21, and losses have been marginally pared.
• Elsewhere in G-10, EUR and GBP are ~0.1% firmer. NOK and SEK are both up ~0.4% however liquidity is generally poor in the Asian session.
• Cross asset wise; E-minis are up ~0.3% and the Hang Seng is up 1.3%. US Tsy Yields have ticked lower, the 2 Year Yield is down ~3bps.
• The highlight of today's docket is the ECB monetary policy decision. We also have a slew of US data due including GDP, durable goods orders, initial jobless claims and wholesale inventories.