A strong start to the week for major..........>

FOREX: A strong start to the week for major Asia-Pac equity indices weighed on

the safe haven currency bloc overnight. USD/JPY peaked at Y112.10, just shy of

its YTD highs, before retreating towards unchanged levels. Worth reminding

U.S.-Japan trade talks will commence later today, after U.S. Tsy Sec Mnuchin

said that any bilateral trade will need to address currency devaluation issues.

- CAD also struggled, pressured by a combination of softer WTI, political

uncertainty surrounding Tuesday's election in the oil-rich Alberta province, and

Friday's hawkish comments re: trade with the U.S. from Canadian FinMin Morneau.

Elsewhere, BoC Gov Poloz said that future rate hikes will depend on data.

- NZD outperformed at the margin, supported by positive risk sentiment observed

in the G10 FX space. AUD lagged its Antipodean cousin, after China filed a

complaint to the WTO re: Australia's ban on Huawei's access to its 5G market.

- GBP & SEK ticked higher, with no apparent catalyst in terms of data/news flow.

- Focus today turns to U.S. Empire m'fing & Italian gov't debt, as well as the

BoC's Senior Loan Officer Survey & Business Outlook Survey. Central bank

rhetoric will be provided by BoE's Haskel, ECB's Villeroy and Fed's Evans.