Comments pointing to a less hostile North.......>

YEN: Comments pointing to a less hostile North Korea over the last 24 hours has

alleviated some of the pressure that had been placed on the JPY crosses, with

the country seemingly open to talks with the US & Japan. USDJPY last 106.80,

EURJPY last 131.50 & AUDJPY last 81.80.

- USDJPY's recovery off of 2016 lows received a received a boost with an

aggressive rally that sees immediate focus on the 107.29-108.03 resistance

region. Initial support is now noted at the high from Mar 14 (106.75) but bears

look for a close below the 21-DMA (106.09) to ease renewed bullish pressure.

- EURJPY bulls need a close above the 200-DMA (131.97) to shift focus to

132.44-133.18. Daily studies correcting from O/S are perfectly placed for a leg

higher. Bears now look for a close below the high from Mar 23 (129.97).

- Fresh 2018 & 18-month AUDJPY lows were seen on Friday with bulls failing to

trouble the low from Mar 15 (82.70) so far as they continue to look for a close

above this level. Daily studies are now correcting from O/S levels. While 82.70

caps bears focus on the break of the Nov 11 2016 low (80.24). The Bollinger base

(80.50) remains the key concern for bears.