The flightless bird held all the early........>

FOREX: The flightless bird held all the early action in the Asia-Pacific

session, kiwi-dollar rising from around $0.6980 to $0.7020. The move followed

better-than-expected Q3 GDP data, year-on-year coming in at 2.7% against

expectations of 2.4%, there were also upward revisions to Q2 data. The pound

lost ground on  news that UK Deputy Prime Minister Damian Green had resigned,

together with weaker UK Dec GfK Consumer Confidence data, cable edged lower from

$1.3375 to $1.3355, while Eur/Gbp extended the move higher from yesterday's peak

at Gbp0.8879 to post a fresh top of Gbp0.8889. Dollar-yen largely consolidated

towards the high seen yesterday. As expected, there were no surprises from the

BoJ meeting, with policy (rates, YCC, and asset purchase target) unchanged.

Elsewhere, Euro-dollar carved out a modest $1.1864 to $1.1882 range, with large

option strikes seen restricting the range.