Risk appetite has been rather limited in......>

FOREX: Risk appetite has been rather limited in the first half of today's

Asia-Pacific session. The Antipodeans have underperformed their G10 peers as a

result. AUD might have come under some additional pressure, as RBA's Bullock

pointed to the soft Sydney housing market. It is worth noting that falling house

prices, and their impact on consumption owing to the wealth effect, are among

the RBA's chief concerns.

- JPY has traded mixed, even as major regional stock indices & U.S. equity

futures have moved lower.

- USD has been relatively buoyant ahead of today's FOMC MonPol decision, with

DXY adding 8 pips thus far.

- Elsewhere, UK inflation data comes out later today, with Brexit matters likely

to continue to provide interest.