JPY crosses moving to fresh lows despite BOJ....>

YEN: JPY crosses moving to fresh lows despite BOJ deputy Gov. Amamiya noting

that he doesn't expect JGB yields to ratchet higher and that the recent tweaks

to the BOJ's MonPol do not represent a reduction to the level of easing employed

by the Bank.

- USD/JPY last Y111.58. 111.25 takes on the responsibility of the key support

level, while renewed gains back above 111.86 would restore the bullish picture.

- EUR/JPY last 130.17. The pair's correction lower on Wednesday extended beyond

the 50% retracement level of the recent rally, and now challenges the recovery.

The next key support is noted at 129.71, holding above here is essential to

provide EUR/JPY will a platform to re-establish bullish momentum. Failure would

threaten the major up trendline support and potentially return the focus to the

129.13 lows. A rebound back above 130.67 is need to restore the recent bullish

structure.