The yen has gained the most ground among......>

FOREX: The yen has gained the most ground among the G10 currencies so far,

accelerating gains into the Tokyo fix, even as the Nikkei 225 opened higher. JPY

appreciation represents a slight correction of yesterday's slump in the yen,

driven by the de-escalation of U.S.-China trade war, but the currency is nowhere

near erasing those losses. Worth noting major beats were seen in Japan's core

machine orders data; Japanese gov't off'l said that the M/M reading was the

highest since comparable data became available in 2005.

- The Aussie remains the worst G10 performer after rallying yesterday thanks to

positive news on the U.S.-China trade war front & ahead of local data releases.

- USD/KRW opened sharply lower, last trades 12.45 figures worse off as KRW

received a boost from U.S.-China trade developments. The pair has moved away

from lows and is testing the KRW1,210.00 mark at typing.

- Focus turns to Chinese econ activity indicators, Aussie Westpac cons. conf. &

wage price index, flash EZ & German GDPs for Q2, as well as inflation data from

the UK, France and Sweden. RBA Dep Gov Debelle is set to speak after hours.