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Asia markets have been quiet so far, with.....>

FOREX
FOREX: Asia markets have been quiet so far, with G10 FX happy to hold tight
ranges. An earlier round of marginal risk-on flows has faded away, but JPY still
underperforms its peers from the basket after weakening into the Tokyo fix. GBP
has held up well as participants await today's speech from UK PM Johnson, in
which he will unveil some details of the government's spending plans.
- USD/CNH has shown little reaction to better than expected Chinese official PMI
readings. As flagged, it is worth remembering we are working off of very low
bases for these indices.
- Today's data releases include final UK GDP, Canadian GDP, as well as flash EZ,
Italian & French CPIs. Speeches are scheduled from RBA's Debelle, BoE's Haldane
& Cunliffe, ECB's Schnabel & de Guindos, as well as Fed's Powell (who testifies
to lawmakers with Tsy Sec Mnuchin), Williams, Brainard, Bostic & Kashkari.

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