It has been a fairly limited session for......>

FOREX: It has been a fairly limited session for the major FX pairs, with the USD

edging higher for the most part. JPY experienced a modest uptick early on, as

U.S. stock index futures moved back to virtually unch. levels, USD/JPY traded

sub-Y111.00, printing a low of Y110.90. USD/JPY then settled around the Y111.10

area as the BOJ upped the size of its latest 1-3 & 3-5 Year Rinban ops, after

trimming the number of purchases of the 1-10 Year buckets during September,

likely due to calendar effects.

- AUD/USD was pressured ahead of today's RBA decision, although the rate had

little reaction to the release of the latest GDP partials with net exports

contribution to GDP in line with the median, while the current A/c deficit was

wider than exp, with a -ve revision. The RBA will almost certainly leave its

cash rate on hold at 1.50%. The Bank is unlikely to be swayed by domestic

political uncertainty & the risk of wider mortgage rate rises, instead focusing

on econ. data, in effect maintaining its glass half full approach.

- The RBA MonPol decision, speech from RBA Gov. Lowe, BoE members appearing at a

Tsy Select Committee & U.S. M'fing PMI/ISM surveys headline on Tuesday.