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The release of Chinese trade data provided....>

FOREX: The release of Chinese trade data provided the turning point of today's
otherwise subdued Asia-Pacific session, as softer than exp. breakdown figures
triggered fresh risk-off flows. As a result, JPY registered gains across the G10
FX board, extending on its early strength, although USD/JPY failed to fall below
Y108.00. As a reminder, Japanese markets are closed for national holiday. 
- The Antipodeans struggled on the back of the Chinese release after markets
shrugged off the AU Melbourne Institute Inflation report. 
- USD/CNH slipped to a low at CNH6.7396, before bouncing, drawing further
support from the aforementioned trade data, which allowed the rate to erase
early losses. As a reminder a MNI source highlighted the PBOC's concerns over
yuan appreciation on Friday (see MNI Main Wire at 12:48 GMT 01/11). 
- GBP stuck to a tight range. Reports noted UK PM May is to say that parliament
blocking Brexit is more probable than a "no deal" withdrawal. On Tuesday, PM
May's Brexit deal will face a vote in the Commons, with a defeat for the PM
widely exp. Weekend press reports focused on coups and confidence motions. 
- Today's econ docket is sparse & includes EZ ind. output & Swedish CPI.

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