The imminent FOMC monetary policy decision....>

FOREX: The imminent FOMC monetary policy decision kept participants cautious

overnight, after yesterday's reports questioning the potential for a

finalisation of the initial U.S.-China agreement at the APEC summit next month

put them on alert. With G10 crosses oscillating within very tight ranges, JPY

stayed afloat and marginally outperforms its peers from the G10 basket.

- Australian Q3 CPI numbers matched expectations, putting a brief & modest bid

into Antipodean FX. Breakdown data revealed a slight miss & slowdown in the

weighted-median metrics, even as headline Y/Y figure accelerated a tad (still

sub-RBA target range). The Antipodeans are the worst G10 performers at typing.

- KRW sold off sharply amid talk of investors buying the recent dip. KRW

absorbed the aforementioned U.S.-China news flow at the open, which exacerbated

its plight and prompted USD/KRW to start the session above its 200-DMA.

- Apart from the Fed, the BoC will deliver its policy decision. Pressers from

Fed Chair Powell and BoC Gov Poloz will be in focus; elsewhere, ECB's

Lautenschlaeger, Enria and Rehn will also speak. Data highlights include U.S. &

French GDPs, German jobs & CPI data, as well as EZ sentiment gauges.