FOREX: Greenback Marginally Pressured In Early Trade

The USD is marginally pressured in early dealing on Monday. WTI futures are ~1% firmer, as the fallout from the Russian political situation weighs on supply, however spillover to other markets is limited thus far.

• Yen is firmer as US Tsy yields tick lower, USD/JPY is down ~0.2% last printing at ¥143.35/45. Japan May Services PPI printed at 1.6% lower than the 1.8%.
• Kiwi is a touch firmer trimming some of Friday's losses, last printing $0.6150/55. However moves remain limited at this stage.
• AUD is little changed from Friday's closing levels, ranges have been narrow with little follow through.
• Elsewhere in G-10 BBDXY is ~0.1% lower, GBP and EUR are a touch firmer.
• Cross asset wise; 2-Year US Tsy Yields are ~2bps lower, and e-minis are 0.2% firmer.
• The data calendar is thin on Monday.