FOREX: Narrow Ranges To Start

There has been narrow ranges across G-10 FX with little follow through on moves early in today's Asian session. There has been a muted start to the week across assets, US Tsys are little changed and e-minis have marginally pared Fridays gains.

• NZD/USD is a touch firmer, the pair was marginally pressured after the October PSI dipped into contractionary territory. Losses were erased and we sit a touch below the $0.59 handle.
• AUD/USD is little changed, a narrow $0.6350/70 range has persisted thus far. RBA's Kohler noted that the return of CPI to target is likely to be drawn out.
• Yen is also flat, October PPI was softer than forecast however there was little reaction in FX. USD/JPY remains bullish, resistance comes in at ¥151.72 Oct 31 high and bull trigger and ¥151.95 high 21 Oct 2022. Support is at ¥149.21 low from Nov 3.
• Elsewhere CHF is a touch firmer however liquidity is generally poor in Asia.
• The docket is light for the remainder of Monday's Asian session.