Today's Asia-Pac session was particularly.....>

FOREX: Today's Asia-Pac session was particularly data- and news-light, but saw

some modest risk-on flows. The yen underperformed as a result, while Japanese

equities posted gains, with the Nikkei 225 trading ~1.9% higher at writing.

- USD was also relatively weak, with the DXY 16 pips worse off at writing.

- Kiwi was relatively strong, seemingly aided by broader risk appetite, as well

as a strong NZ services PMI print. AUD lagged its Antipodean cousin.

- EUR crosses were flat after ECB's Villeroy & Rehn spoke over the weekend,

touching upon the EZ economic slowdown. Villeroy noted that the EZ econ slowdown

is "significant", which may force the ECB to change its policy guidance if it

proves to be more than temporary, while Rehn said that the Bank "has all of its

instruments available" if the slowdown becomes exacerbated.

- Worth mentioning G10 crosses have stuck to tight ranges amidst thin holiday

liquidity. Today's global economic calendar has no standouts, with U.S. &

Canadian markets closed for national holidays. Focus is also on the U.S.

Commerce Department's report on the auto tariff probe, which has been sent to

the White House, the contents remain undisclosed at present.