US: Trump To Announce Plans For New Tax Cuts Via Reconciliation: CNBC

• Bank of Korea to Sell KRW600 bn Zero-Coupon 91-Day Bonds
• South Korea to Sell KRW2.5T tn 2.5% 5-Year Bonds
• Thailand to Sell THB20 bn of 183-Days Bills
• Philippines to Sell PHP9 Billion 182-Day Bills
• Philippines to Sell PHP9 Billion 91-Day Bills
• Philippines to Sell PHP9 Billion 364-Day Bills 

source: Bloomberg Finance LP / MNI 

G10 currencies have all opened stronger versus the USD in the first part of Monday trade, with yen gains leading. After closing last Friday at 155.70 we got to lows of 154.43 today (last around 154.70), up around 0.65% in yen terms. Weekend comments from Japan PM Takaichi are driving the yen gains today: "...sent a fresh warning to financial markets amid a weakening yen and surging bond yields, saying the government will be ready to take action. “It is not for me as a prime minister to comment on matters that should be determined by the market, but we will take all necessary measures to address speculative and highly abnormal movements,” she said during a television debate among party leaders on Sunday." (via BBG). 

• This followed strong yen gains in Friday US trade, amid reports of rate checks, via BBG: "The jump in the US session came as traders reported that the Federal Reserve Bank of New York had contacted financial institutions to ask about the yen’s exchange rate."
• For USD/JPY we are back under the 50-day EMA (near 156.15/20), while the 100-day EMA isn't too far away at 154.25. Note the Dec 5 low at 154.35 is seen as a reversal trigger.
• CHF is also up firmly, USD/CHF last around 0.7750/55 (+0.60% firmer in CHF terms).
• Other gains are most around 0.30/0.40% for EUR, AUD and NZD.
• USD/CAD is little changed though, last around 1.3700. US President Trump threatened Canada with a 100% tariff rate if the country makes a trade deal with China.