Wider risk appetite steadily improved,........>

FOREX: Wider risk appetite steadily improved, driving price action across the

G10 FX space at the start to the week. Regional equity markets took their cue

from  Friday's positive session on Wall Street. The expectation of further

policy action from the PBoC, provoked by the central bank's quarterly monetary

policy implementation report, coupled with a potential ramp-up in Japan's fiscal

stimulus & pullbacks in Covid-19 death counts in some European countries.

- JPY landed at the bottom of the G10 basket as participants dumped safe havens.

USD/JPY attacked the Y107.00 mark to the topside, but failed to establish itself

north of there. EUR/JPY showed above the Y116.00 figure.

- AUD topped the G10 pile, despite weekend reports pointing to a spill-over from

heightened Sino-Australian tensions into bilateral trade relations. Broader

commodity FX space traded on a firmer footing, even as crude eased off a tad.

- Today's data highlights include Italian industrial output & Norwegian CPI.

Comments from ECB's Mersch, Riksbank's Jansson and Fed's Bostic are also due.