Yen Firmer, Limited Moves In Early Trade

Moves in G-10 FX have been limited in early dealing. JPY is marginally outperforming as it pars Friday's losses.

• USD/JPY prints at ¥136.20/30, ~0.2% softer today. Yen has marginally pared some of Friday's losses in early trade, ticking away from upside resistance at ¥136.67, 38.2% retrace of Oct-Jan bear leg. Later in the session we have Dec Leading and Coincident Indices, as well as BOJ Governor-Nominee Ueda's appearance before Japan's Upper House.
• AUD is a touch firmer. AUD/USD prints at $0.6730/35, up ~0.1% today. Q4 Company profits printed at 10.6% firmer than the expected 1.6%. Inventories fell 0.2%, the exception had been for a flat print.
• NZD is unchanged from today's opening levels, NZD/USD has dealt in a narrow 15 pip range with little follow through on moves.
• EUR and GBP are both marginally firmer, however moves are limited and tight ranges have been observed.
• Cross asset wise US Equity futures are ~0.1% firmer and US 10 Year Treasury Yields are ~1bp softer.
• The aforementioned appearance of Ueda before the Upper House in Japan headlines in Asia. Further out we will see US Durable Goods Orders, Pending Home Sales and Dallas Fed Manf Activity cross, as well as speakers from Fed, ECB and BOE.