A very limited session for the major cross,...>

FOREX: A very limited session for the major cross, with overnight news flow

surrounding the key current risk factors somewhat limited, while the major

regional stock indices traded lower, albeit some way shy of the 3.0% fall that

the NASDAQ produced Monday.

- The Antipodeans sit at opposite ends of the G10 table with AUD/NZD breaching

yesterday's lows of NZ$1.0642. Bears look to the Nov 14 low at NZ$1.0613.

- 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." However, JPY

pairs have eased off since, weighed by soft equities, USD/JPY last Y112.50.

- The release of RBA's Nov MonPol meeting mins drew no reaction 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 in the near term.

- Focus Tuesday turns to U.S. housing starts & building permits. Elsewhere, RBA

Gov. Lowe will give a speech, while a group of BoE members headed by Gov. Carney

will testify to lawmakers. ECB's Nowotny & Weidmann also due to speak.