CHF and GBP are the top G10 FX gainers today, up 0.24% and 0.22% vs the dollar while SEK and USD are the top losers. The Riksbank left rates unchanged at -0.5% as expected, the German factory orders fell 0.9%, and Swiss GDP rose 3.4% compared to a 2.20% previously. Global sentiments remained weak as concerns over trade wars continue to hog the news. In the Asian equities space, the Nikkei 225 closed down -0.41% at 22,487.94, Hang Seng closed -0.99% at 26974.82 and Kospi ended -0.18% at 2287.61. The European equities were trading firm with the FTSE up +0.09% at 7389.83, DAX up +0.31% at 12077.25, and CAC up +0.25% at 5273.44. In the rates market, global yields were trading a tad weaker; the US 10-year yield was trading at 2.8967% and the Bund 10-year yield trading at 0.374%. In the energy space, the Brent (front month) is trading up (0.26%) for the day at $77.47. Looking ahead, US ADP and initial jobless claims are the only key releases during the US session.

USDJPY Chart (Two-week)