G10 FX stuck to tight ranges overnight,.......>

FOREX: G10 FX stuck to tight ranges overnight, owing to the Easter break. The

tweaks to the BoJ's Rinban ops provided the major headline, though there was

little in the way of JPY reaction. The Nikkei 225 is +0.4% at writing.

- Japan's Finance minister Aso said that further discussions on FX matters will

occur between himself & his U.S. counterpart Mnuchin. Aso also noted that he

doesn't expect the ongoing trade talks with the U.S. to effect BoJ MonPol. On

domestic matters, Aso noted that there is no change in the government's stance

to implement the sales tax hike as planned, despite some questions from within

the ruling LDP party becoming apparent on Thursday (also downplayed by the

official that initially spoke on the matter). We also heard that MOF, FSA & BoJ

off'ls will meet later today, likely on matters pertaining to the elongated

Golden Week Holiday period. Elsewhere, the latest BBG sources report suggested

that the BoJ will likely trim its GDP exp. next week, while the sources were

less clear if the Bank would lower its CPI forecasts.

- USD/CNH sits around 60 pips lower, unable to force a sustained break < CNH

6.7000.