Price action of G10 currency pairs was very...>

FOREX: Price action of G10 currency pairs was very contained overnight in what

may be called a lull before the storm, as participants brace themselves for the

G20 summit beginning today. 

- The yen outperformed despite marginal gains posted by the Nikkei in the

Asia-Pacific session, might have garnered some support from strong Japanese

industrial output data. USD/JPY last Y113.42 has operated within a 15 pip range.

- Sterling extended yesterday's losses on the back of the Brexit turmoil. 

- CAD also modestly underperformed, as an uptick in oil prices failed to lend

any substantial support overnight. 

- All eyes are on Buenos Aires, where G20 leaders are gathering for their annual

summit with key Trump-Xi talks to be held on the sidelines. Key economic

releases today include U.S. Chicago PMI, French & Italian CPIs, as well as

Canadian GDP. Elsewhere, ECB's Mersch and Coeure and Fed's Williams are due to

speak.