JPY has been the worst G10 performer in.......>

FOREX: JPY has been the worst G10 performer in early Asia-Pac trade, struggling

from the off, before coming under fresh pressure pre-Tokyo fix. USD/JPY ebbed

off of highs, with a source citing real-money Japanese accounts selling USD/JPY

post-fix, with JPY crosses operating a little below best levels at writing.

- Worth mentioning NZD crosses posted a leg lower in the NY/Asia crossover,

after RBNZ Gov Orr said that the Bank's recent easing bias is "the starting

point" for the new MPC. Orr's comments came before JP Morgan said that they now

expect the RBNZ to cut the OCR at both of its May & June meetings.

- Sterling has ticked away from yesterday's worst levels and tops the G10 pile.

Lawmakers are preparing for the "meaningful vote 2.5" on PM May's withdrawal

agreement (w/o the accompanying political declaration re: ties with EU),

scheduled for later today.

- On the data front, focus today turns to UK & Canadian GDPs, flash Italian and

French CPIs, German & Norwegian unemployment data, as well as U. of Mich.

survey, MNI Chicago PMI & personal income/spending data from the U.S. Elsewhere,

Fed's Kaplan and Quarles, as well as ECB's Coeure are due to speak.