Another tight Asia-Pacific session for G10....>

FOREX: Another tight Asia-Pacific session for G10 FX with little to report

outside of NAB's more aggressive RBA easing call. The major G10 pairs stuck to

tight ranges, with JPY underperforming marginally. USD/JPY traded above

yesterday's highs to Y107.73, with one source pointing to a Japanese megabank

aiding demand. Bulls now look to Y108.17, the 76.4% retracement of the Aug 1 -

Aug 26 decline.

- Elsewhere, KRW traded a touch firmer vs. USD as South Korean unemployment

unexpectedly tumbled to 3.1% from 4.0% (median exp. was for a steady 4.0%),

representing the lowest level seen since 2013, while South Korean exports for

the first 10 days of September rose by 7.2% Y/Y (chip exports were still -33%

Y/Y) as imports over the same period rose by 3.3% Y/Y. Elsewhere, BBG noted that

South Korea is set to file a WTO complaint vs. the Japanese export curbs later

today, which likely aided the paring of the early move lower in USD/KRW.

- Little to report in terms of the USD/CNY fix. USD/CNH has edged higher but has

failed to trade above CNH7.1200 thus far.

- The docket is slim on Wednesday, with U.S. PPI the highlight.