No big movers seen across the G10 FX space....>

FOREX: No big movers seen across the G10 FX space so far, as the econ calendar

remains light. JPY sits at the bottom of the G10 pile, weighed on by a higher

open for the Nikkei 225. Safe haven CHF has also struggled for upside momentum.

- CAD has also come under some modest pressure amid a minor pullback in WTI

prices. Meanwhile, NZD is the best G10 performer, despite a lack of major

NZ-specific headlines or data prints. 

- USD/KRW has retreated from yesterday's highs, but still operates above its

50-DMA. Focus remains on the escalating trade spat between Japan and South

Korea. See https://emedia.marketnews.com/JPSKExports.pdf for our short primer on

the matter.

- Ex-PBoC official Sheng told China's Economic Information Daily that the

country's growth potential will support the yuan in the long term.

- Canadian housing starts & building approvals, Italian retail sales and Swiss

unemployment figure on today's economic docket. A fairly big cohort of European

& U.S. central bankers will speak, including ECB's Visco, Villeroy & Lane, as

well as Fed's Powell, Bullard, Quarles & Bostic.