The yen marginally outperformed eventually,...>

FOREX: The yen marginally outperformed eventually, as focus fell on remarks by

U.S. President Trump, who said that he is personally holding up the trade deal

with China. The Nikkei 225's slide off of highs also lent support to JPY.

- AUD & NZD landed at the bottom of the G10 pile, as investors turned cautious.

Softer than exp. Australian consumer confidence prints & NZ card spending

figures encouraged investors to shy away from the Antipodeans.

- A decline in oil prices applied some modest pressure to commodity-tied FX.

- HKD rallied amidst tightening liquidity, with Hong Kong facing massive

protests against the controversial extradition bill. Worth noting HKD borrowing

costs have surged in the recent days, while analysts are pointing to seasonal

factors & the upcoming Alibaba IPO in HK as inspiring demand for the currency.

- Chinese CPI & PPI matched exp., printing at +2.7% and +0.6% respectively.

- It should be noted that G10 crosses stuck to fairly tight ranges overnight.

- CPI and monthly Tsy budget out of the U.S. take focus today. ECB's Draghi, de

Guindos, Coeure and Muller, as well as RBA's Ellis, Riksbank's Floden and IMF's

Lagarde are set to speak.