A round of risk-off flows has suddenly........>

FOREX: A round of risk-off flows has suddenly crept into the G10 FX space, in

spite of the lack of clearly risk negative headlines and no fresh data hitting

the wires. The moves may have been driven by a semi-combative tweet from U.S.

President Trump, who pledged to "bring good policy and additional hundreds of

billions of dollars back to the United States of America!"

- USD/JPY has violated the psychological Y110.00 barrier as the yen leads gains

in the G10 basket. As a reminder, the BoJ is set to deliver their monetary

policy decision later today. CHF has also benefited from the risk-off theme.

Meanwhile, selling pressure has hit the Antipodeans and NOK. The krone lags all

of its G10 peers after underperforming on Monday.

- A flight to safety coincided with a marginally higher than expected PBoC fix.

USD/CNH has picked up a bid and already trades well above yesterday's highs.

Broader USD/Asia trades on a firmer note, with KRW faring particularly badly.

- The key data releases today are German ZEW survey, UK labour market report and

Canadian manufacturing sales. BoE Gov Carney speaks at the WEF. U.S. Pres Trump

will also be in Davos, when the impeachment hearings get underway in the U.S.