A mild risk-on feel drove price action in.....>

FOREX: A mild risk-on feel drove price action in G10 FX, albeit trading ranges

remained tight amid little in the way of new drivers. U.S. Vice President

Pence's suggestion that phase-two talks with China might be already underway.

Positive sentiment lent a degree of support to the yuan, Aussie and Kiwi, while

sapping safe havens. NZD led gains, boosted by strong local REINZ house sales,

ANZ inflation gauge & Q4 card spending (the monthly print missed exp.).

- IDR resumed its rally and printed new multi-year highs vs. USD. Indonesian

President Jokowi warned against the fallout from too quick appreciation of the

rupiah. His comments diverged from the central bank's communique, as the Dep Gov

poured cold water on -ve impact on exporters & saw no need to intervene.

- On the data front, U.S. retail sales and German CPI take focus today. The

minutes from December monetary policy meeting of the ECB & comments from the

Bank's Pres Lagarde are due. In Turkey, the CBRT deliver their policy decision.