It has been a limited session for the major...>

FOREX: It has been a limited session for the major FX pairs, outside of the AUD

crosses. AUD/USD continues to be pressured by the slightly softer than expected

headline AU CPI release, last dealing at ~$0.7400, after a brief look below the

50% retracement of the move from $0.7360 to $0.7434 ($0.7397), with the next

level of support noted at yesterday's low ($0.7360).

- The remainder of the major USD pairs stuck to ~25 pip ranges, with the JPY

having little reaction to a Nikkei story noting that "the BOJ is unlikely to

make changes to its ultra-loose monetary policy at least until October, five key

BOJ watchers believe, despite talk that growing concern over the side effects of

prolonged easing could prompt action next week." Some even believe that more

easing is on the table to stoke price growth, according to the piece.

- Focus on Wednesday falls on EU's Juncker visiting U.S. President Trump. In a

tweet Trump stated that "the EU is coming to Washington tomorrow to negotiate a

deal on Trade. I have an idea for them. Both the U.S. & the E.U. drop all

Tariffs, Barriers and Subsidies! That would finally be called Free Market and

Fair Trade! Hope they do it, we are ready - but they won't!"