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The first half of today's Asia-Pacific........>

FOREX
FOREX: The first half of today's Asia-Pacific session saw major currency pairs
stick to relatively tight ranges. Datawise, Japanese final Q4 GDP and Jan BoP
data have been in the spotlight, but failed to produce any notable market
reaction. Nevertheless, JPY landed atop the G10 pile, supported by
underperforming equities, with the Nikkei 225 last trading ~1.3% lower.
- Most sterling crosses have also added a handful of pips. BBG reported that PM
May is set to tell the EU that the outcome of next week's Brexit vote in the
House of Commons depends on whether Brussels concedes on legally binding changes
to the Irish backstop. BBG also suggested that "the European Union made a new
offer in a bid to break the Brexit impasse, though it falls short of what
Britain has demanded."
- The Scandies have underperformed, in apparent carryover from yesterday's
post-ECB weakness, although EUR has traded flattish vs. other G10 currencies.
- Focus today turns to labour mkt data from the U.S. & Canada, French & Italian
industrial outputs, German factory orders and Norwegian GDP. Elsewhere, ECB's
Nowotny and Riksbank Dep Gov Floden will speak.

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