G10 FX price action has been contained so.....>

FOREX: G10 FX price action has been contained so far, with JPY sitting atop the

G10 pile, in spite of the positive performance of Japanese stocks. The Nikkei

225 last trades 0.4% higher, while U.S. equity futures are almost unchanged. As

a reminder, MNI sources said the BoJ may cut the frequency of 5-10 Year JGBs

from next month (for full story see MNI Main Wire at 00:50 GMT 01/17). 

- Sterling modestly underperforms all of its G10 peers after UK PM May survived

the no-confidence vote yesterday. The PM entered cross-party negotiations re:

her Brexit deal, but Labour Party leader Corbyn refused to attend until the

prospect of "no deal" is formally removed. 

- NZD moved a touch lower upon the release of a soft REINZ home sales print

ahead of the Asia-Pac session. 

- Fed's non-voter Kashkari reiterated his usual dovish message during early Asia

trade, 

- Focus today turns to EZ CPI (f) & U.S. initial jobless claims. Elsewhere,

ECB's Lautenschlaeger, Fed's Quarles & EU Brexit negotiator Barnier are due to

speak.