Morning all. Wall closed around unchanged again in a quiet session for stocks but bonds and FX markets were very busy with US yields falling and taking the dollar with it. In Asia we saw the Nikkei down 0.3% as USDJPY fell and moved to a low of 101.13 before bouncing. There was a strong move back up in Kiwi as many got squeezed from shorts in expectations of a rate cut tonight from the RBNZ. In Australia, the ASX 200 slipped 0.25 percent, with most sectors seeing declines. AUD traded as high as .7708 as the dollar fell. In his last speech as the Reserve Bank of Australia (RBA) governor, Glenn Stevens downplayed concerns that the central bank might take drastic measures to meet inflation targets, Reuters reported. Stevens also emphasized that monetary policy had its limits, especially considering that Australian households debt levels were high, according to Reuters. Oil is more or less unchanged from the NY close. Japanese data showed machinery orders rose more than expected in June, a sign that companies were more willing to increase their capital expenditure. Traders trying to figure why US yields fell after strong data last week from the US. This morning we get French and Swedish IP, Norway CPI and that’s it for this morning.. Good luck..