NZD leads the way again so far, while the JPY is lagging behind
The dollar in general is a bit softer on the day - as the tax bill still offers some element of uncertainty (it's not done until it is done so to speak). Ranges have been small to say the least, but most major pairs are finding about 15-20 pips against the greenback.
The kiwi is the leader of the pack so far, with AUD/NZD selling helping to boost the NZD on the day so far. Meanwhile, the AUD is not far off - boosted by better short-term yields (2-year yields is now at 1.90%, higher from Friday's close of 1.88%) and firmer equity markets.
NZD/USD is at session highs of 0.7023 - but remains capped by the 0.7030 level that I point out here.
The Japanese yen is the laggard thus far, as USD/JPY caught bids ahead of the Tokyo fix only to give back gains thereafter.
Not much else is happening at the moment. It's been a relatively quiet day with some minor moves. Let's see what European markets bring.
