A positive start to the Nikkei...........>

DOLLAR-YEN: A positive start to the Nikkei overnight boosted sentiment, Usd/Jpy

lifted to Y107.48 but failed to take out the reported Japanese exporter supply

through Y107.50. Consolidation largely remained the theme for the balance of the

session and last trades Y107.43. Light stops are noted on a break of Y107.50,

opening Y107.68/84 (Feb27 high, 1.618% swing Y107.01-105.66). On the US calendar

today a double release of job openings and labour turnover survey is scheduled

for 1400GMT. The quits rate for January stood at 2.2% whereas the openings

levels posted an index figure of 6.312. The University of Michigan Sentiment

index (also at 1400GMT)is expected to fall to 100.2 in early-April from 101.4 in

March.

The remainder of US data for today is at 1500GMT and 1515GMT with the St. Louis

Fed Real GDP Nowcast and the NY Fed GDP Nowcast respectively. Previously, the

St. Louis Fed had a Q1 Real GDP estimate of 3.41% with the NY Fed GDP estimate

of 2.8%.

Option-expiries: Y105.00($929mn), Y105.70($405mn), Y106.50-55($703mn),

Y107.00-05($393mn), Y108.00($771mn).