The yen fell to the bottom of the G10 pile,...>

FOREX: The yen fell to the bottom of the G10 pile, as Japanese equities rallied,

with the Nikkei 225 advancing 2.7% at writing. The BoJ's decision to trim the

size of its 10-25 Year Rinban operations provided some respite for JPY, but the

impact of the move quickly faded, as a risk-on theme was underscored. 

- AUD gyrated, as the latest round of AU data releases sent mixed signals, with

AU housing finance data coming in softer than exp., alongside a firmer biz.

conditions/confidence print. However, the Aussie eventually managed to jump atop

the G10 pile as risk assets rallied on reports of a tentative bipartisan

agreement re: border security/gov't shutdown being struck in the U.S. 

- NZD lagged behind its Antipodean cousin and underperformed all of its G10

peers save JPY. 

- Sterling ignored a Sun report which suggested that PM May is planning to hand

in her resignation this summer. 

- Today's economic docket is data-light, but speech-heavy, with ECB's Weidmann,

Nowotny & Lautenschlaeger, BoE Gov Carney, as well as Fed's Powell, George &

Mester all due to make addresses.