It was a rather sedate session in term of.....>

FOREX: It was a rather sedate session in term of G10 FX price action, with major

crosses sticking to fairly tight ranges. 

- The yen modestly underperformed, but not enough to let USD/JPY climb anywhere

near the Y112.00 level, although stocks extended Wall Street's losses, with the

Nikkei 225 falling through yesterday's fresh 2018 low (now off of worst levels).

Worth mentioning Japanese core inflation slowed and narrowly missed

expectations, while Japan's gov't adopted a record budget plan for the next

fiscal year overnight. 

- USD started on the back foot, but climbed somewhat thereafter, with DXY last

sitting at 96.48. 

- Oil prices ticked up, allowing CAD to consolidate after yesterday's slump, but

not enough to move it substantially higher. 

- Focus today turns to UK, U.S., Canadian & French GDPs, German GfK cons. conf.,

with U.S. data docket quite densely packed. Elsewhere, ECB VP de Guindos is due

to speak, while the BoC will release its biz. outlook survey.