Safe haven JPY & CHF have landed at the.......>

FOREX: Safe haven JPY & CHF have landed at the bottom of the G10 pile after

outperforming yesterday. Risk appetite has been seen improving somewhat, after

Fox reported that U.S. Trump, Mnuchin & Lighthizer discussed trade progress.

Major Asia-Pacific stock indices have posted gains alongside U.S. equity futures

before easing off, perhaps aided by Fox's report, even as the original tweet did

not unambiguously point to any genuine progress in trade talks.

- Worth noting some risk-off flows were observed amidst reports that Sino-U.S.

trade negotiations have concluded for today, but the impact has not been

significant enough to trigger a major recovery in safe haven FX.

- The BoJ released the summary of opinions from its latest MonPol meeting, which

confirmed the Bank's dovish stance & easing bias.

- On the data front, focus today turns to U.S. & Norwegian CPIs, French, Italian

& UK industrial outputs, Italian & UK retail sales, UK trade balance and

Canadian labour mkt data. The RBA will publish its SoMP, with a decent number of

central bank speakers due to appear later in the day.