But the kiwi is the leading major currency so far today
The kiwi is leading the charge benefiting from cross selling in AUD/NZD as well as further short covering as NZD/USD breaks above the 100-hour MA - turning near-term bias more bullish - in early trades. Risk is generally muted as E-minis are trading flat with oil stocks set to bear the brunt in Asian and European trading after oil prices came crashing down in overnight trading.
Despite that, the yen is failing to get a lift as it trails behind the rest of the major bloc with Treasury yields a tad higher to begin the day. But focus in the session ahead will be on the pound as the quid stays bid on Brexit deal optimism but do keep in mind that Theresa May faces a monumental task in getting a deal to pass in parliament, so that will temper with gains seen in the sessions to come.
