Early Asia-Pac trade has been relatively......>

FOREX: Early Asia-Pac trade has been relatively quiet, the dust is settling

after the wild moves noted over the last couple of sessions. News-wise,

headlines from a Chinese state-owned newspaper noting that Beijing is

considering new measures to stabilise trade briefly drew some attention.

- JPY tops the G10 pile at the margin, with USD/JPY still operating on the

Y106.00 handle, while SEK is the worst G10 performer.

- There was some Antipodean central bank rhetoric hitting the wires early doors.

RBNZ Gov Orr reiterated that using negative rates in future is on the table,

while fellow RBNZ member Hawkesby said that the Bank looks for an increase in

inflation exp. RBA's Bullock gave a speech on biz. & financial stability.

- KRW has pared its initial gains, registered on the back of press

reports/subsequent off'l confirmation re: Japan's decision to grant first

approvals of some high-tech materials exports to South Korea since Tokyo's

controversial move to tighten export controls.

- Chinese trade balance, U.S. wholesale trade sales/inventories, Norwegian

industrial output & the ECB's Economic Bulletin are on the docket today.