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JPY outperformed once again in Asia amid......>

FOREX
FOREX: JPY outperformed once again in Asia amid escalating trade war fears.
USDJPY touched pullback lows of Y109.37, AUDJPY dipped under Y81.00, EURJPY
challenged the Y128.00 area. The risk-off theme and broadly softer equities was
seen to pressure the Antipodeans. Weakness in the local Chinese currency
pressured AUDUSD to $0.7403 and NZDUSD to $0.6884. EURUSD & GBPUSD volumes were
light held to narrow 20 pip ranges. In other news Harley Davidson announced it
will relocate some of its production out of the US to offset the impact of EU
tariffs. A very light calendar today with focus on central bank speakers. From
the ECB, Hansson talks at 0800GMT followed by Guindos at 1200GMT. In the UK, Ian
McCafferty is due up at 0930GMT where he could defend his recent hawkish stance.
Also worth noting that incoming external MPC member Haskel will appear before
the TSC at 0900GMT and will be interesting to hear his MPC views.

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