Just another very sedate session in Asia,.....>

FOREX: Just another very sedate session in Asia, this one saw a defensive feel

creep into G10 FX. Continued Sino-U.S. sabre-rattling and concerns over the

coronavirus crisis weighed on sentiment. USD/JPY dipped into the Tokyo fix and

held losses, with JPY landing at the top of the G10 pile. Commodity-tied FX were

under pressure, with NZD bringing up the rear despite a golden cross formation

in NZD/USD. Price action was subdued, tight ranges were respected.

- The yuan shrugged off China's trade data (narrower than expected trade

balance, above-forecast breakdown figures) and a stronger than expected PBoC fix

(mid-point set below CNY7.0). USD/CNH traded on a firmer footing.

- SGD took a hit as Singapore's advance Q2 GDP readings missed expectations,

showing the largest quarterly contraction on record.

- A generally cautious mood limited KRW, which underperformed in the Asia EM

basket. IDR was the strongest currency in the space.

- U.S., German (final) & Swedish CPI data, German ZEW Survey, UK monthly

economic indicators and comments from Fed's Brainard, Bostic, Bullard & Harker

take focus from here.