Price swings across G10 FX space have been....>

FOREX: Price swings across G10 FX space have been limited so far. The space

kicked off on a slightly defensive note, with Beijing's coronavirus situation &

global geopolitical tensions in focus. Gentle risk-on flows crept in as U.S.

equity index futures turned green (they are now negative again), but have been

unwound after Beijing moved to adopt strict closed off management at all housing

compounds. Commodity FX underperform at the margin as we type.

- KRW softened at the reopen of onshore trade with regional geopolitics at the

fore. North Korea said it will redeploy troops to joint business sites with the

South, located on its territory, after blowing up a liaison office with Seoul.

BoK & South Korean Finance Ministry off'ls issued statements noting that they

are monitoring financial markets, with the gov't attributing the uptick in spot

USD/KRW to strong U.S. data.

- UK, Canadian & EZ inflation data, U.S. housing starts/building permits and

Swedish unemployment take focus on the data front. Fed Chair Powell resumes his

congressional testimony, his colleague Mester & Riksbank's Ohlsson are also due

to speak.