The US Treasury 10y yield fell 2.6bp on the Asian open to 2.838%. This helped push EURUSD higher to 1.3760, and USDJPY lower to 102.80. NZD also edged higher to 0.824 while AUD was largely stable at 0.896, driving AUDNZD marginally lower towards 1.08. Asian currencies opened on the bid side, but strength quickly faded. Only THB and MYR maintained a marginal 0.1% gain against the USD to 32.03 and 3.233 respectively. IDR and INR both weakened 0.1% to 12120 and 62.20. The PBoC fixed USDCNY 24pips lower to 6.1124.
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