The USD advanced at the expense of the........>

FOREX: The USD advanced at the expense of the high-yielders, with the DXY

closing above the 100-DMA for the first time since December.

- The climb down in tensions on both the Korean peninsula & across the China-US

trade table allowed US yields to climb, which supported the greenback as US

10-Year yields threatened to top 3.00% at one point.

- The dollar's gain came at the expense of high yielding and emerging FX, with

currencies from the PLN to the ZAR down over 1% against the USD.

- The strong dollar also weighed on commodities, and as a result, commodity

currencies. This saw the NZDUSD looks close below its 200-DMA for the first time

since January, with AUD & CAD also lower.

- The JPY was offered across the board despite equity markets looking less than

healthy: the Nikkei 225 closed lower by 0.3%, but the rise in US yields kept

USDJPY bid, last at 108.70.

- The most notable risk event in the Asia-Pacific session comes in the form of

Australian CPI, with focus then turning to German IFO, US new home sales & a

speech from ECB's Villeroy.