The USD is lagging the broader risk on........>

FOREX: The USD is lagging the broader risk on flows despite an uptick in US Tsy

yields and trails all of its major counterparts excluding the JPY. The move

started around the Japanese cash open, with a notable uptick seen in the Nikkei,

following on from the US' equity gains on Friday, with the major Asia-Pacific

indices continuing to move higher. There was little reaction to US ComSec Ross'

trip to China which seems to have yielded little in the way of progress. AUD has

benefitted from positive data releases but there has been little in the way of

news flow elsewhere. The TRY has been fairly resilient to Moody's placing

Turkey's Ba2 Ratings on review for downgrade back on Friday.

- Liquidity was diminished in the early part of today's Asia-Pacific session

with New Zealand observing a market holiday.

- BoE's Tenreyro, ECB's Nowotny & Riksbank Gov Ingves are due to speak on

Monday, while US Factory orders & final Durable Goods readings are also due up.

- On the FX option expiries front EURUSD & USDJPY have some notable sized

expiries at nearby strikes.