JPY sits bottom of the pile amid the backdrop...>

YEN: JPY sits bottom of the pile amid the backdrop of renewed risk appetite.

- USDJPY traded above the 100-dma (Y111.33) & 200-dma (Y111.42) to Y111.45 and

will be monitored at today's close. A topside break of Y111.50 brings the

200-hma & Mar 7 high back into view at Y111.57/86.

- EURJPY will looking to register gains for the third consecutive session. The

cross printed highs of Y125.49 with bulls targeting a break of Y125.89 which

represents the 50% retracement level of Y127.50-124.28. Above here opens a run

at the 100-dma at Y126.57.

- AUDJPY closed above the 50-dma yesterday, with the cross extending its uptrend

to Y78.84. Topside focus on the 100-dma & Feb 21 high at Y79.71/82.