A generally stronger Usd Monday, though.......>

FOREX: A generally stronger Usd Monday, though seen more of a paring back of

losses seen last week than a trend reversal. UST yields popped higher in Asia,

10-yr edged to 2.68%, which in turn attracted Usd demand which took Usd/Jpy to

Y108.99, off a low of Y108.51, while cable was pressed down to $1.4110. Eur

however seemed fairly resilient to the Usd buys, though rate did see a low of

$1.2385 in Asia it spent most of the session back above $1.2400. Early stop

hunting in Europe allowed Usd/Jpy to edge to Y109.06, while Eur/Jpy targeted

stops above Y135.30 before it topped out at Y135.34. Eur/Usd slipped back to

$1.2388 in Europe but again met decent support between $1.2390/85 before it

recovered back above the figure. Overall session so far seen fairly subdued

ahead of what looks set to be a busy week. Trump State of the Union talk Tuesday

to be followed by Yellen's last FOMC policy decision Wednesday(no change

expected but pointers toward a March hike in focus). EZ Flash CPI also due

Wednesday along with expected month end flows. Model predict Usd sales to be

seen. Friday brings US Employment Report, AHE again seen of more interest over

NFP.