UD/USD stays bid in Asia but struggles to break initial 0.6510 resistance

Boosted by lower US yields and higher JPY which weigh on USD

Underpinned by RBA Governor's cautious tone on rate cuts

RBA Governor Bullock says needs to be sure on inflation before cutting rates

Feb RBA 25bps cut chances at 20% from 27% before release of CPI Wednesday

Global trade and tariff concerns, AUD/JPY selling likely to cap rallies

Support 0.6470-75, 0.6430-35, resistance 0.6510, 0.6525-30, 0.6550

Asia range 0.6499-0.6510

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