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While risk on was the overriding theme........>

FOREX: While risk on was the overriding theme through NY dealing a spate of risk
off flow has hit the broader markets in the early part of Friday's Asia-Pacific
session after US President Donald Trump revealed that he has ordered the US Tsy
to consider $100bln in additional Chinese tariffs.
- USDJPY has eased around 30 pips to trade at 107.10, while the CAD, AUD & NZD
have moved lower vs. USD on the headlines.
- Eyes will be on any responses from China over the next 24 hours, while the
economic docket is headlined by the US labour market report, we will also get
the release of the Canadian equivalent, as well as a speech from Fed Chair
Powell & FOMC Voter Williams (who is of course the incoming chief of the NY
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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