Kiwi was the main mover in the Asia-Pac.......>

FOREX: Kiwi was the main mover in the Asia-Pac session on Monday, jumping mainly

on cross flows after a triple whammy of weak Aussie CPI/Private Sector Credit

and China Manufacturing PMI. The weak data saw RBA rate hike expectations pushed

further out and AUD/USD sink to session lows of 0.8047, last down 6 pips at

0.8077. Selling spilled over into AUD/NZD, last down 76 pips at 1.0950. NZD/USD

last up 45 pips at 0.7375.

- USD/JPY is higher, last up 10 pips at 108.88, down from session highs of

109.09. The pair popped above the 109 handle after the BoJ raised purchases in

the 3-5 Year sector by Y30bln, sending a firmly dovish signal to the market. 

- The US dollar was mostly flat early in the session, but weakened after US

President Trump reached the end of his State of the Union address, there was a

conspicuous absence of "strong dollar" comments, and a lack of specifics on

infrastructure projects which saw DXY fall to 89.019 from 89.239.

- Sterling higher on the session, benefiting from a weaker US dollar, and

comments from UK PM May on the trade deal with China, May said the UK wants a

FTA with China and that markets should be more open in the interim.