JPY has gained some traction against on the...>

FOREX: JPY has gained some traction against on the back of of the broader

risk-off flows, as major regional stock indices and U.S. equity futures have

declined, with the e-mini S&P 500 futures breaking below 2,800. 

- However, it is SEK which remains the best G10 performer after topping the G10

pile yesterday, while the greenback has lagged all of its G10 peers.

- AUD crosses registered a downtick after J.P. Morgan have revised their RBA

call and now see 4 cuts to the cash rate by mid-2020, while the latest risk-off

flows applied further weight to the currency.

- KRW softened as domestic biz. survey indicated a deterioration in sentiment.

- The U.S. Tsy said that no major trading partner is a currency manipulator, but

some have been added to the watch list. Elsewhere, its its latest FSR the RBNZ

said that the NZ financial system is resilient, but risks remain elevated.

- The MonPol decision from the BoC, French CPI (p) & GDP (f), German

unemployment change and Swedish GDP take focus today. Central bank speakers'

list includes RBNZ Gov Orr, as well as ECB's Mersch, Rehn & de Cos, while the

ECB will publish its FSR.