JPY softened across the board............>

DOLLAR-YEN: JPY softened across the board overnight following North Korea

comments which suggested they are still more than willing to meet with the US,

despite Trump calling off the summit. USDJPY squeezed from Y109.14 to Y109.74,

before profit take sales eased ahead of Europe. Resistance is reported on

approach to Y110.00, opening Y110.21/22 (200-dma/Base 2 month bull channel).

There is potential for a weekly bearish reversal with key support at Y108.28

from the 100-dma. On the US calendar today Durable Goods are released at

1230GMT, followed at 1400GMT by the Michigan Sentiment Index. Durable Goods are

expected to fall 1.2% in April after a 2.6% gain in March. Michigan Sentiment is

expected to be revised up slightly to 99.0 in May, putting it slightly ahead of

the 98.8 level in April. At 1545GMT is Chicago Federal Reserve Bank President

Charles Evans, Atlanta Federal Reserve Bank President Raphael Bostic and Dallas

Federal Reserve Bank President Rob Kaplan speaking in Dallas, Texas.

Options: Y110.00($350mn), Y110.50($491mn), Y110.90($400mn), Y111.00($1.14bn).