It was another sombre affair in the...........>

FOREX: It was another sombre affair in the Asia-Pacific region, currency markets

were broadly range-bound and held to tight ranges. Dollar-yen trekked sideways

in a narrow Y112.84-Y113.01 range, momentum names were the early buyers, but

they ran into domestic corporate supply, leaving the pair largely unchanged on

the session. Cable pushed up from $1.3386 to $1.3402, the move followed a BBC

article which claimed, the BoE will unveil plans to allow European banks to

operate in the UK as normal post-Brexit. Aussie-dollar managed to carve out a

less than inspiring $0.7651 to $0.7665 range, however aussie-kiwi did lift

higher following weak NZ trade data. Meanwhile, euro-dollar idled between

$1.1835 and $1.1847. Focus ahead will be on bund yields following yesterday's

surge and German PPI. Elsewhere, the market will be closely monitoring the US

Senate tax vote, and in case we forget, a budget resolution has to be passed

this week to avert a government shutdown.