Amid the broader-based risk tone,........>

DOLLAR-YEN: Amid the broader-based risk tone, Usd/Jpy largely consolidated above

Y107.00 through Europe held to a narrow 30 pip range. Supply ahead of Y107.20

has so far provided a counter, a break here opens Y107.29/34 (Mar13 high,

55-dma). Also a reminder of the large optional expiry interest ($1.5bn) at

Y106.90/00, which could prove magnetic. Quiet on the US calendar today with main

release from Weekly Jobless Claims and Trade gap at 1230GMT. The level of

initial jobless claims (1230GMT) is expected to rebound by 9,000 to 224,000 in

the week ending March 31, that after a 12,000 decrease the previous week. The

international trade gap is expected to widen only slightly to $56.8 billion in

February from a $56.6 billion gap in January.

Option expiries: Y105.00 ($705mln), Y105.40 ($570mln), Y105.45-55 ($1.04bln),

Y105.85-90 ($1.2bln), Y106.00 ($551mln), Y106.90-107.00 ($1.5bln). Usd/Jpy last

Y107.07.