JPY has best session in months as US..........>

FOREX: JPY has best session in months as US recession warnings flash

-Among G10 FX, JPY peeled away from the rest and took out key support on the way

through Y108. Risk appetite took a hit on a few fronts Thursday, with the

initial leg lower provided by a pessimistic Bloomberg report that cited sources

in saying that China are said to doubt that a long-term trade deal would be

possible with President Trump. This helped boost JPY and CHF while weighing on

equities.

-This was shortly followed by a particularly poor MNI Chicago PMI, which fell to

the lowest levels since December 2015 in the latest sign that the US economy

could be stalling headed into a Presidential election year.

-At the other end of the table, AUD was the worst performer, which fell against

all others in G10 on renewed risk aversion and took out yesterday's highs in the

process.

-UK manufacturing PMI and the October US jobs report are the data highlights

Friday. Fed's Clarida, Kaplan, Quarles, Daly and Williams are also all due to

speak.