JPY crosses supported overnight amid.....>

DOLLAR-YEN: JPY crosses supported overnight amid improving risk appetite, firmer

UST yields/Asia equities lifted USDJPY to extended session highs of Y109.77

before fading. Near-term resistance is seen at Y109.82/83 (100-wma/May28 high),

option-related interest is placed behind at Y110.00 which holds a $1.48bn expiry

for today's NY cut. Support at Y109.22/12 (50%/61.8% Y108.72-109.77). The US

calendar gets underway at 1345GMT, with the publication of the ISM-NY

Manufacturing Index. At 1400GMT, the latest US factory new orders and the

employment trends index data will be published. USDJPY last Y109.63.

- Option-expiries: Y108.90($443mn), Y109.00($668mn), Y109.05-10($479mn),

Y110.00($1.68bn).