The pound sterling remains fragile after......>

FOREX: The pound sterling remains fragile after cratering yesterday on the back

of hard-line rhetoric from UK PM Johnson's Brexit "war cabinet" members, which

was circulated over the weekend. Asia-Pac hours saw cable accelerate its decline

on the breach of the $1.2200 barrier. It plumbed a new multi-year low, while a

source pointed to selling pressure in GBP/JPY & EUR/GBP hit a multi-year high.

- The announcement of the BoJ's MonPol decision was rather uneventful, as policy

settings were left unchanged, while GDP & CPI forecasts were trimmed only

marginally. Lack of tweaks to forward guidance may have disappointed the doves

somewhat, briefly putting a small bid into JPY. This helped the yen in shaking

off its earlier weakness observed amid a light risk-on feel.

- Elsewhere, price action in G10 FX was rather muted, with little in the way of

immediate response noted to Asia-Pac data releases. These included a lower than

exp. jobless rate and a better than forecast industrial output out of Japan.

- BoJ Gov Kuroda is yet to hold his press conference. Remaining data releases

include flash German CPI, Swedish GDP & French GDP readings, U.S. personal

income/spending data, as well as cons. conf. gauges out of the EZ & U.S.