The yen has risen to the top of the G10.......>

FOREX: The yen has risen to the top of the G10 currency board, thanks to a heavy

start for the Nikkei 225, which opened on the back foot and has ebbed ~3.1%

lower since. This has allowed JPY crosses to erase initial gains, registered

after Special Counsel Mueller's investigation failed to find evidence of Trump

campaign collusion with Russia re: the 2016 election.

- AUD has underperformed its G10 peers at the margin, as the broader risk-off

tone has applied some pressure to the currency.

- Sterling has also shown some weakness, amidst uncertainty re: Brexit and the

stability of PM May's government. On Sunday, May invited some fellow cabinet

ministers and leading Tory Brexiteer MPs for Brexit talks, as she struggles to

find support for her Brexit deal by the new Apr 12 deadline. This came after the

Times reported that a group of senior ministers were plotting to force May out

of office by threatening a mass resignation, if she refuses to step down.

- Focus today turns to German Ifo survey. Elsewhere, Fed's Evans and Harker,

BoJ's Harada, as well as ECB's Costa and Coeure will speak. Sino-U.S. trade

talks and Brexit matters will also provide interest.