The yen lost ground as appetite for riskier...>

FOREX: The yen lost ground as appetite for riskier assets improved. Firmer

e-minis provided the initial impetus, with a strong performance of Chinese

equity benchmarks helping sustain risk-on flows. The Scandies and Antipodeans

picked up a did, with new localised lockdown measures imposed in the Australian

state of Victoria failing to weigh on AUD in any meaningful way. AUD/JPY

attacked round figure resistance located at Y75.00.

- GBP and CAD were offered as both the UK and Canada found themselves on a

collision course with China. UK gov't is reportedly planning to phase out Huawei

equipment from its 5G network, while Canada suspended its extradition agreement

with Hong Kong. Brexit concerns may have also limited sterling overnight.

- USD/Asia traded on a softer footing, as broader sentiment improved. IDR lagged

its peers from the Asia EM basket, as FinMin Indrawati took part in a

parliamentary hearing on the planned "burden-sharing agreement" with BI.

- Today's economic docket is a light one, with German factory orders, EZ retail

sales & non-m'fing PMIs out of the U.S. coming up.