The yen topped the G10 leaderboard, as a......>

FOREX: The yen topped the G10 leaderboard, as a risk-off feel crept into the G10

FX space, with participants looking for clarity re: Sino-U.S. trade talks. The

yen drew some additional support from the retreat of the Nikkei 225, which slid

into negative territory, alongside U.S. equity futures. BBG sources said that

the Nikkei 225's decline triggered some liquidation of long positions in

USD/JPY. Elsewhere, BoJ Gov Kuroda struck a positive note re: Japanese econ

outlook (see MNI Main Wire at 01:33 BST 04/08).

- The Antipodeans came under pressure, with AUD leading losses among the G10

currencies, as participants reportedly observe observe opinion polls, which

favour the opposition Labour Party ahead of May's federal elections. AUD & NZD

might have also been pressured by a spillover from yuan weakness, owing to a

softer fixing.

- USD was also fragile and the dollar index erased its Friday gains.

- Focus today turns to U.S. durable goods & factory orders, Canadian housing mkt

data & German trade balance. The central bank speakers' slate includes ECB's

Enria & Villeroy, as well as well as Riksbank's Floden.