JPY traded around session highs heading into....>

YEN: JPY traded around session highs heading into the Tokyo fix, with talk of

CTA type buyers. USDJPY last at 107.45, EURJPY last at 132.95, AUDJPY last at

83.75. Sentiment was also aided as US President Trump & Japanese PM Abe stressed

that they want to work together to come to a trade deal, however, the press

conference from the two leaders offered little new, as Japan still favours TPP,

while the US favours a bilateral deal.

- USDJPY remains capped ahead of the 108.03-42 resistance region, while bears

continue to look for a close below the 21-DMA (106.56).

- Support emerging ahead of EURJPY's 55-DMA (131.83) provides bulls comfort with

bears needing a close below the April 12 low (131.78) to ease bullish pressure.

Topside hesitation continues with bulls looking for a close above the 100-DMA

(133.05) to end bearish hopes and shift overall focus back to 2018 highs.

- AUDJPY's aggressive rejection above the 55-DMA (83.23) & 100-WMA (83.63) on

Friday was less than ideal for bulls with daily studies overbought. Bulls now

need a close above the April 13 high (84.06). The highs from April 6 & 9 (82.58)

provide support.