While overall price action was thin &.........>

FOREX: While overall price action was thin & markets remained relatively quiet

on Monday, the EUR managed to lodge gains after a weekend interview with the

Italian finance minister put paid to concerns of an anti-EU/euro government.

- Nonetheless, the proximity to the Fed/ECB/BoJ decisions and the looming threat

of trade disruption kept most major pairs well within their recent ranges.

- Buoyant Italian debt and equity markets boosted risk sentiment, giving

European and US indices a leg-up from the off. This lifted USD/JPY from a

negative open to trade back above 110.00, with the 200-DMA (110.20) still key.

- CAD was the weakest in the G10 as the acrimonious finish to the G7 meeting

dented hopes of a resolution to NAFTA talks. USDCAD briefly broke above 1.30 but

failed to sustain the move, as slightly higher oil prices underpinned the

Loonie.

- Focus Tuesday turns to the Trump-Kim summit, UK jobs data, German ZEW and US

CPI.