Broad-based JPY demand was evident into the...>

FOREX: Broad-based JPY demand was evident into the NY crossover after DJIA

futures broke the 200-DMA & Tsy yields softened. US equities pushed further into

negative territory at the cash open, as the the S&P 500 breached its 200-DMA.

JPY remained strong, adding weight to the majors, with USDJPY touching below

109.00, last 109.15, as US equities staged a recovery.

- EURUSD initially shrugged off weak EZ CPI headline & core prints, but soon

encountered pressure via the EURJPY cross, which saw EURUSD push lower to

1.1949. The move faded as the rate recovered to 1.1985/90 with focus on the 1.20

handle and resistance at the 200-DMA (1.2017). GBPUSD rejected a move back above

1.3600 & encountered pressure on the back of the UK services PMI GBPUSD pressed

to 1.3538 in NY hours before support in the form of the 200-DMA cushioned falls.

- USDCAD briefly traded above 1.2900 on soft oil prices and CADJPY supply.

- Chinese Caixin services PMI & RBA SoMP provide the main focal points in

Asia-Pacific hours, while US NFP, Fedspeak from Quarles, Dudley & Williams &

ECB's Weidmann provide the notable risk events elsewhere on Friday. Fed's

George, Kaplan & Bostic will speak on a panel after hours.