Major G10 FX pairs continue to operate in.....>

FOREX: Major G10 FX pairs continue to operate in tight ranges.

- The tweaks to the BoJ's Rinban operations have provided the major headlines

for the session thus far, but there was little in the way of reaction in the JPY

crosses, and there has been little in the way of notable headline flow

elsewhere.

- Japan's Finance minister Aso said that further discussions on FX matters will

occur between himself, and his U.S. counterpart Mnuchin. Aso also noted that he

doesn't expect the ongoing trade talks with the U.S. to effect BoJ MonPol. On

domestic matters, Aso noted that there is no change in the government's stance

to implement the sales tax hike as planned, despite some questions from within

the ruling LDP party becoming apparent on Thursday.

- The latest BBG sources report suggested that the BoJ will likely trim its GDP

exp. next week, while the sources were less clear if the Bank would lower its

CPI forecasts

- USD/CNH sits around 60 pips lower, with bears failing to force a break back

below CNH 6.7000 as of yet.