Despite the overnight release of.........>

DOLLAR-YEN: Despite the overnight release of weaker-than-expected Japan Q4 GDP

data, the soft USD tone was the overriding theme in Asia which saw Usd/Jpy

extend through Y107.00 to print 16-month lows of Y106.84. A bounce in Japanese

equites recovered to the Y107.25/30 area and consolidates into the European

open. Support is seen at Y106.52/51 (61.8% Y99.02-118.66, Nov14 2016 low). The

Asia high provides resistance at Y107.90. Last Y107.24.

- Main highlight today sees the release of UK CPI and Retail Sales at 1330GMT.

CPI is expected to rise 0.3% in January following a 0.2% rise in December after

annual revisions. Analysts expect energy prices to rebound after December's 0.2%

decline, with gasoline prices leading the gain. Retail sales are forecast to

rise only 0.2% in January after a string of solid gains.

- Option-expiries: USD/JPY: Y107.00($250mn), Y107.50($275mn), Y107.85($275mn),

Y108.20($597mn), Y108.70($300mn), Y109.00($652mn), Y110.00-05($517mn),

Y110.90-111.10($2.0bn).