Yen Firmer In Early Dealing

Yen is the standout performer in the G-10 space at the margins on Wednesday, the post CPI move seen in the NY session has continued and Wednesday's lows have been breached.

• USD/JPY is down ~0.3%, and the pair sits a touch below the ¥134 handle at session lows. Downside support comes in at ¥133.50 low from 5 May then ¥133.02 low from Apr 26. There is little reaction to the BoJ Summary of Opinions from the April meeting.
• AUD/USD is maringally firmer, up ~0.2% last printing $0.6785/90. Wednesday's highs remain intact, bulls look to break $0.6818 to continue the positive short term tone. May Consumer Inflation Expectations is on the wires at the top of the hour.
• Kiwi is also ~0.2% higher. We sit at $0.6375/80 a touch below the post US CPI high of $0.6381.
• Elsewhere in G-10 ranges have been narrow with little follow through.
• Cross asset wise; e-minis are up ~0.2% and US Treasury Yields are unchanged across the curve. BBDXY is down ~0.1% and Bloomberg Commodity Index is also down ~0.8%.
• CPI and PPI data from China headlines the Asia-Pac session today. Further out we have the latest monetary policy decision from the BOE, US PPI and Initial Jobless Claims.