G10 crosses trade in a modestly risk-off......>

FOREX: G10 crosses trade in a modestly risk-off mode as participants assess

familiar coronavirus worries & yesterday's monetary policy decision from the

Fed, concluded with some slightly dovish rhetoric from Chair Powell. The

Antipodeans are on the back foot, with AUD leading losses in the G10 basket,

even as NAB pushed back their RBA easing calls. JPY outperforms its peers at the

margin, with Japanese equity benchmarks edging lower.

- Cautious mood has dented Asian EMFX. Offshore yuan trades slightly softer vs.

USD. KRW is the worst performer in the space after USD/KRW breached a key

resistance and printed its best levels since mid-December. USD/THB has extended

its recent run higher, reaching a fresh multi-month peak.

- The Bank of England will deliver its monetary policy decision today. Other

highlights include U.S. advance GDP & PCE, German unemployment & CPI, as well as

EZ unemployment and consumer confidence. Central bank speaker slate features

BoJ's Amamiya, ECB's Weidmann, BoC's Beaudry and, of course, BoE's Carney.