-A strong showing from US equity markets......>

FOREX: -A strong showing from US equity markets dented demand for the JPY,

allowing USD/JPY to eye a close above the Y112 level. The rate's traded both

sides of the handle for the past 4 sessions, so bulls target a strong close to

extend the modest recovery Tuesday.

-The USD dipped alongside the Wall Street open, but recouped all lost ground as

equities rallied and yields struggled. USD index briefly showed below the

100-dma at 94.869 for the first time since late September, but a close below

looks unlikely.

-GBP trades well following stronger-than-expected wages data, prompting a show

above $1.32 for GBP/USD, but the pair struggled to hold the gains into the US

close despite EUR/GBP pulling lower. GBP eyed the better data and shrugged off

negative Brexit headlines, with GBP looking increasingly fatigued by

will-they-won't-they EU/UK threats.

-Attention turns to UK inflation data, US building permits and the FOMC minutes.

RBA's Debelle is also scheduled to speak and US earnings season continues.