The Asia-Pacific holiday lull resumed.........>

FOREX: The Asia-Pacific holiday lull resumed today, with market closures in

Japan and China limiting activity. A modest risk-on feel was observable in the

G10 FX space, amidst reports that Sino-U.S. trade talks are nearing conclusion.

- The yen landed at the bottom of the G10 pile, as a result. Meanwhile, the

Antipodeans outperformed at the margin, even as NZ building approvals declined

by 6.7% M/M after rising by 1.7% in Feb.

- KRW opened on the front foot after the Labour Day holiday, but ebbed off of

best levels. CPI data modestly topped forecasts, but more focus has been placed

on the latest m'fing PMI print, which moved back into expansionary territory,

although a fairly cautious accompanying written assessment was noted.

- DXY ticked away from yesterday's post-FOMC highs.

- The BoE will deliver its MonPol decision and release its inflation report

later today. On the data front, m'fing PMI readings from across the EZ, German

retail sales, as well as U.S. durable goods & factory orders take focus. BoE Gov

Carney will hold a post-MonPol presser, ECB's Hansson, Costa & Praet are due to

speak, while the Riksbank board will testify to lawmakers.