It was a sedate Asia-Pac session, with........>

FOREX: It was a sedate Asia-Pac session, with little to move the needle on the

news and data fronts. Price action reflected a slowly souring sentiment, which

put a mild bid into safe haven currencies. USD/JPY held a tight range, as both

sides of the pair fared well, and attacked the nearby Y109.00 figure. NOK led

commodity FX lower, amid weaker oil prices, while GBP also struggled.

- USD/Asia generally traded on a stronger footing, supported by the broader

defensive feel, but PHP defied the trend. USD/PHP showed below PHP50.00 for the

first time since the first days of 2018, as BSP Gov Diokno suggested that the

Philippine central bank is happy with where the benchmark policy rate is at

present and would need "more bad news" to consider adding stimulus.

- A monetary policy decision from the ECB, U.S. trade balance & initial jobless

claims, Canadian trade data & EZ retail sales take focus from here.