G10 crosses have respected fairly tight.......>

FOREX: G10 crosses have respected fairly tight ranges and sit around neutral

levels at typing. They showed very muted reaction to regional data, namely a

downtick in the jobless rate and a pretty disappointing flash industrial output,

both released out of Japan.

- JPY has softened a touch ahead of the BoJ MonPol decision, which will be

accompanied by the Bank's latest Outlook Report. Modest selling pressure on JPY

was observed just after the Tokyo open on light risk-on flows, but this has

faded since. Firmer benchmark equity indices in the region may have played a

role, with Australian S&P/ASX 200 touching best levels on record.

- Sterling has remained fragile on the back of persistent fear of a no-deal

Brexit. Cable extended yesterday's losses, touching a new multi-year high, but

has held above $1.2200 as of yet.

- On today's data docket are flash German CPI, Swedish GDP & French GDP

readings, U.S. personal income/spending data, as well as cons. conf. gauges out

of the EZ & U.S. No central bank speeches are expected other than BoJ Gov

Kuroda's post-MonPol presser.