- Following the announcement of...............>

FOREX: - Following the announcement of countermeasures on trade from China

overnight ($3bln worth of tariffs), Usd/Jpy continued heavy at the NY crossover

trading either side of Y105.00. Recovery efforts briefly touched Y105.29 but was

quick to pare gains following a tweet from President Trump that said he is

considering vetoing the $1.3tn Spending Bill and a risk-off start to US equities

- Rate touched pullback lows of Y104.80, but later reclaimed the Y105 handle

after President Trump did indeed sign off the bill.

- Hawkish remarks from BoE Vlieghe that said UK data warrants further removal of

stimulus, triggered renewed GBP demand. Gbp/Usd lifted to $1.4149 on react,

momentum names squeezed to $1.4172 before fading. Eur/Gbp touched pullback lows

of Gbp0.8709 with key support at Gbp0.8650 (Mid-term t-line, 100-week ma).

- CAD caught a bid tone following the stronger-than-expected domestic CPI

release, rate moved through C$1.29 to C$1.2824. Firmer gold/oil prices were seen

to underpin AUD & NZD with a move to respective highs of $0.7744/NZ$0.7274.

- The S&P is currently showing losses of 1.51% in Q1. If the index closes the

quarter in negative territory it will be the first Q1 loss since 2009.