It was a slightly quieter Asia-Pac session,...>

FOREX: It was a slightly quieter Asia-Pac session, with participants assessing

global response to the coronavirus crisis. Softer U.S. equity index futures lent

support to JPY, which topped the G10 pile despite a fairly good showing from

Japanese stocks. GBP strengthened steadily as focus turned to yesterday's

coordinated stimulus package from UK Treasury & the BoE, with a source pointing

to shorts being covered in GBP/USD. The greenback was the worst performer in the

G10 basket as DXY extended its pullback from one-month highs. Reports crossed

the wires, suggesting that U.S. Tsy Sec Mnuchin told Senators that lack of gov't

action amid the coronavirus pandemic could push U.S. unemployment to 20%. The

loonie has also struggled, amid bets on the magnitude of Canada's fiscal

stimulus package as multiple press reports noted that it will be unveiled today.

- KRW firmed up as South Korea lifted caps on lenders' forward positions & said

they are considering further measures, while ruling party off'ls called for a

second extra budget. PHP led gains among EMFX as FX trading resumed in the

Philippines after a one-day hiatus forced by a lockdown of the capital region.

- Due today: CPI data from Canada & EZ, U.S. housing starts & EZ trade balance.