A fairly non-descript session for the major...>

FOREX: A fairly non-descript session for the major FX pairs thus far, with

little in the way of notable headline flow surrounding the key risk matters. The

major regional stock indices are lower, but well shy of the 3.0% fall that the

NASDAQ produced on Monday.

- JPY crosses moved to highs as BoJ Gov. Kuroda noted that he believes current

MonPol settings will bring about inflation in Japan. Kuroda also stated that the

"possibility of reaching the inflation target in FY2020 is low." USD/JPY has

stuck to a 25 pip range.

- There was little in the way of reaction on the back of release of the minutes

from the RBA's Nov MonPol meeting, with the Bank reiterating that the next move

in its cash rate is likely to be up, and that it sees no strong case for an

adjustment in MonPol.

- USD/CNH trades 50 pips or so higher, while USD/KRW is unchanged.

- Focus Tuesday falls on a speech from RBA Gov. Lowe in Melbourne. U.S. housing

starts & building permits, as well as appearances from various BoE members,

including Carney, in front of UK lawmakers.