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JPY demand has emerged in early Asia-Pac......>

FOREX
FOREX: JPY demand has emerged in early Asia-Pac trade and even a higher open for
the Nikkei 225 has failed to sap yen strength. CAD managed to gain some modest
poise as well. Conversely, NZD remains the worst G10 performer, with NOK
likewise struggling for any upside momentum.
- KRW opened higher after South Korea's PM Lee said that the country may
reconsider pulling out from a intelligence-sharing pact with Japan, if both
sides find a solution before the deal expires on Nov 23. Worth noting, however,
that local consumer confidence reading slid to the worst level since Jan 2017.
- USD/CNH has inched higher amid reported demand from U.S. names.
- Elsewhere, it is fairly quiet on data and headlines fronts. Hopeful mood re:
global trade, Brexit matters & Italian political saga remain front & centre.
- Today's highlights include Chinese industrial profits, final German GDP, as
well as U.S. & French consumer confidence tallies. Also on the docket is a
speech from RBA Dep Governor Debelle, while ECB Vice President de Guindos will
speak on a panel alongside BoE's Tenreyro.

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