Kiwi has led gains among the G10 currencies...>

FOREX: Kiwi has led gains among the G10 currencies in early Asia-Pacific trade,

extending its leg higher that was registered in the wake of a strong NZ CPI

print in the NY/Asia crossover, although G10 crosses have stuck to fairly tight

ranges thus far. As a reminder, NZ Q4 CPI came in at 1.9% against the 1.8%

forecast, but undershot the 2.0% predicted in the RBNZ's most recent MPS. 

- The yen has underperformed as the Nikkei 225 has recovered from worst levels

(last trades ~0.4% lower), while U.S. equity futures have moved into positive

territory. Aforementioned (modest) recovery of risk assets has aided AUD. 

- CAD has garnered some modest strength, outperforming all of its G10 peers save

NZD, despite a downtick in WTI prices & tensions in Sino-Canadian relations,

with the U.S. set to proceed with Huawei CFO Meng's extradition. 

- The BoJ is set to deliver its MonPol decision today. With no change to the

policy exp. focus will fall on the Bank's quarterly outlook report, and the CPI

projections therein. Elsewhere, the RBNZ's sectoral inflation model, Canadian

retail sales & EZ cons. conf. will also draw attention today. Also worth noting

BoE's Broadbent will speak.