Contained ranges were generally in play for...>

FOREX: Contained ranges were generally in play for the G10 crosses during

Asia-Pac hours. Headlines were relatively limited as the latest trade war

overtures from Trump & Chinese state media offered little in the way of clarity

on the well discussed matter. Soft Aussie business confidence data & worries re:

Chinese producer price deflation provided the headlines of the regional data

docket.

- NZD was the marginal outperformer amongst G10. AUD/NZD continued its pullback

from the NZ$1.0700 region. The 2-Year AU/NZ swap spread sits a touch back from

the recent high, much like the AUD/NZD cross.

- USD/JPY ran into some headwinds at Y107.50, with talk of corporate sell orders

tiered in around there. Also worth flagging that the 38.2% retracement of the

move from Y112.40 to Y104.46 is situated at Y107.49.

- Elsewhere, GBP was well behaved as the suspension of parliament came into play

and PM Johnson failed to force a snap election through the Commons, as expected.

- Swedish & Norwegian CPI data provides some early interest in European hours,

with UK labour market data also due.