Firmer Asia stocks after the MSCI confirmed.....>

YEN: Firmer Asia stocks after the MSCI confirmed it would increase the China

weight in its Benchmarks & UST yields underpinned overnight. USDJPY closed above

its 100 & 200-dma yesterday with the recovery extending to Y111.83, its highest

level since Dec 20. Channel top resistance comes in today at Y112.00, a break

opens a move toward Y112.44 which represents the 50% retracement of

Y125.86-99.02. - The move seen lending further support to JPY crosses.

- EURJPY closed above its 100-dma (Y126.83) for the first time since Nov 8, with

gains extending to fresh ytd high of Y127.14. Next resistance at Y127.69 from

the Dec 21 high, above here brings the 200-dma back into view at Y128.11.

- GBPJPY comfortably holds above the 148.00 level targeting a break of the

Y148.25/30 double-top area.

- NZDJPY improved to Y76.28 opening a move toward the key Y75.50/60 level which

holds double-top resistance & 61.8% fibo of Y78.86-69.14.

- CADJPY cleared the 200-dma (Y84.60), extending the uptrend through Y85.00.