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Yen Firms In Early Dealing

FOREX

The Yen is firmer in early dealing on Wednesday, USD/JPY has ticked below ¥144 after Japan's Kanda said that Japan will respond appropriately to excessive FX moves. Elsewhere weaker US equities as the WSJ reported that the US considers new curbs on Chinese chip exports have weighed on the Antipodeans.

  • USD/JPY prints at ¥143.70/80, support comes in at ¥141.80 the base of the bull channel from the Jan 16 high.
  • AUD/USD is down ~0.1%, the pair last prints at $0.6675/80. Support is seen at the low from Jun 23 $0.6663.
  • Kiwi is also pressured down ~0.2%, NZD/USD sits a touch below the 200-Day EMA.
  • Cross asset wise; e-minis are down ~0.2% and NASDAQ futures are down ~0.4%. BBDXY is little changed and US Tsy Yields are a touch softer across the curve.
  • Australia CPI data headlines the Asian session today and is due in just over one hour, a rise of 6.1% Y/Y is expected.

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