JPY outperformed overnight on the back of....>

DOLLAR: JPY outperformed overnight on the back of sharp falls in regional

equities, the risk averse theme saw USDJPY extend its downtrend through Y110.00

to extended pullback lows of Y109.71. GBP sits bottom of the pile on continued

Brexit uncertainty and holds toward the base of its $1.3167-1.3230 range.

- The DXY sits largely flat on the session with trade tied to a narrow 96.59-68

range. The 100-dma comes in today at 96.55, a break opens 96.27/15 which

represents the 50%/61.8% retracement of 95.74-96.80. Below here opens a run at

the 96 level ahead of the 200-dma & Mar 20 low at 95.87/74. Bulls need to clear

97 to put the focus back on the Mar 7 high at 97.71.

- Gold extends its recovery off last Thursday's pullback low to $1317.06.

Topside focus remains on a break of $1320.45, above here brings the 61.8% fibo

of $1346.80-1280.94 back into view at $1321.64, ahead of the Feb 22 high at

$1333.19.

- Risk-off flows pressured crude through Asia. WTI and Brent are both $0.60

lower at typing.