JPY crosses have edged higher in early..........>

YEN: JPY crosses have edged higher in early Asia-Pacific dealing, although the

move was nowhere near as sharp as yesterday's and the pairs has eased from

highs. USDJPY has added 5 pips to trade around 109.80, with EURJPY at 130.15,

also 10 pips higher and AUDJPY 5 pips higher at ~81.95.

- The accounts from the latest BoJ MonPol decision provided little fresh in the

way of insight, while it is also worth noting that Japanese lifers bought a net

Y1.05tln worth of foreign bonds during April, according to data released by the

MoF. This represents the largest amount of foreign bond purchases in any April

since 2008.

- BoP data revealed that Japanese funds were sellers of US debt in March, to the

tune of Y433.8bln, recording a 6th straight month of net selling.

- USDJPY bulls take comfort in support emerging on dips to the 100-DMA (108.57)

with gains seeing focus on 110.02-49 where the 200-DMA & 55-WMA are. Bears again

look for a close below hourly support from April 23 (108.54) to confirm an

easing of bullish pressure.