The first half of the Asia-Pacific session....>

FOREX: The first half of the Asia-Pacific session was limited at best. The most

notable bout of activity came ahead of the Chinese lunch break as the major

indices turned bid, generating some modest risk on flows elsewhere. USD/JPY

touched a high of Y112.62, with bulls looking to the 21-DMA (Y112.93), while

commodity linked-FX garnered a modest bid, with AUD/USD topping $0.7100.

- Late Tuesday The Times reported that it has seen cabinet papers revealing the

next stage of the Brexit plan, which suggested that a Brexit transition will

last for years under PM May's plan. Officials reportedly admitted they were

"uncomfortable" with such a plan, which would include Northern Ireland operating

in a separate VAT area. Downing St. said the report refers to "a partial

reflection of advice to Ministers," as opposed to an outright decision (May met

Ministers Tuesday, in a somewhat rocky sit down). GBP was unmoved on the

release.

- Rate decisions from the Riksbank and Bank of Canada are due Wednesday, as well

as prelim EZ & U.S. PMI data. The Fed will also release its Beige Book. Fedspeak

will come in the form of Bullard, George, Bostic & Mester.