Despite firmer regional equities and..........>

FOREX: Despite firmer regional equities and slightly higher UST yields, the

dollar was broadly range-bound against its peers in a quiet Asia-Pacific

session. Dollar-yen rose from Y113.70 to Y114.01, Japanese accounts were the

reported buyers throughout the day, but macro supply near the figure has capped

the upside for now. Euro-dollar idled between $1.1602 and $1.1616. Cable

consolidated between $1.3165 and $1.3178. Meanwhile, Aussie dollar rose from

$0.7680 to $0.7701 following the RBA Policy decision. As expected, RBA left the

OCR rate unchanged at 1.5%, they noted an appreciating Aussie would slow

economic pick-up, forecasts for growth were largely unchanged and warned that

high China debt levels remains a medium term risk. Lack of any follow-through

over the $0.77 cent handle saw the Aussie give back all modest gains and trade

down to $0.7677 and was last at $0.7685.