It's been a story of two halves for......>

DOLLAR-YEN: It's been a story of two halves for the USD in Europe this morning.

Initially pressured via EUR & GBP which saw Gbp/Usd touch post-Brexit highs of

$1.4377 and Eur/Usd break the $1.24 handle, Usd/Jpy has since recovered off

pullback lows of Y106.88 to the Y107.10 area. Soft UK jobs data amid weaker ZEW

(1st negative read since July 2016) behind the move. Housing Starts and

Industrial Production the main highlights in the US today at 1230GMT/1315GMT.

Housing Starts are expected to accelerate modestly to a 1.262 million annual

rate in March after sharp movements in the previous two months. Industrial

production is expected to rise 0.3% in March after a revised 0.9% surge in the

previous month.

Option-Expiries: Y105.65($1.75bn), Y105.93-95($957mn), Y106.50($360mn),

Y107.18-20($1.63bn), Y107.30($300mn).