Subdued ranges for G10 FX in early Asia.......>

FOREX: Subdued ranges for G10 FX in early Asia trade, with little in the way of

catalysts apparent thus far as mkts look towards the Easter holiday weekend.

- USD/CNH has edged away from Wednesday's session lows, reclaiming CNH 6.6800,

but still trades well shy of pre-China GDP levels, after the move lower

intensified on the break below CNH6.7000, and was later aided by the WSJ report

which suggested that "the U.S. & China are planning 2 rounds of face-to-face

meetings as they seek to wrap up a trade deal, with negotiators aiming for a

signing ceremony in late May or early June."

- Very limited JPY & CHF demand was noted in the NY-Asia crossover on reports

that North Korea has tested a "tactical weapon." The country has implemented

similar tests in recent times (including when negotiations have broken down with

the U.S.), with watchers suggesting that the latest move doesn't represent a

shift back towards long-range missile testing.

- The BoK left its key rate unhanged, as exp., at today's decision.

- Australian labour market data provides the headline risk in Asia-Pacific

hours.