Failed to gain traction above Y107.00....>

DOLLAR-YEN: Failed to gain traction above Y107.00 in a relatively quiet European

morning session. Broad USD demand squeezed to Y107.13 but with lack of follow

through steadily drifted to Y106.76 at the NY crossover. Near-term support from

the Asia low at Y106.66, opening Y106.45/35 (Hourly lows-highs Feb16-19). With

no economic data scheduled in the US, focus turns to Fed speak. Last Y106.75.

- Boston Federal Reserve Bank President Eric Rosengren and New York Federal

Reserve Bank President William Dudley will participate in a discussion at

1515GMT.

- At 1600GMT, the Federal Reserve Board will release the Monetary Policy Report

to Congress. The latest St. Louis Fed Real GDP Nowcast is expected at the same

time, with the NY Fed GDP Nowcast expected at 1615GMT.

- At 1830GMT, Cleveland Federal Reserve Bank President Loretta Mester and Kansas

City Federal Reserve Bank President Esther George will participate in a panel.

At 2040GMT, SanFran Federal Reserve Bank President John Williams speaks in LA.

- Option-expiries: Y107.00($918mn), Y107.40($595mn), Y108.00($398mn),

Y108.25($500mn), Y108.50($910mn), Y109.00($1.75bn).