Mercifully quiet morning, with JPY slightly...>

FOREX: Mercifully quiet morning, with JPY slightly weaker post-BoJ

-Currencies largely trade sideways in what's been a sanguine session so far, as

G10 pairs sit inside the Thursday range. Antipodean FX slightly outperforms,

with AUD and NZD modestly stronger alongside the CNH as Chinese equity markets

clocked gains for the final session of the week.

-Risk sentiment appears modestly positive, with core European equities trading

higher by 0.3-0.5%, helping keep USD/JPY within range of the Y112.00 mark as JPY

trades weaker across the board. The unchanged BoJ rate decision failed to tilt

USD/JPY materially in either direction.

-After a bumper week for Sterling, the currency is far more muted Friday

morning, with markets left reeling after the volatility of the past few

sessions. The conditionality terms the EU will set on any Article 50 extension

take focus from here, but for now, it should be a quieter end to the week.

-US Empire Manufacturing, industrial production and preliminary March Uni of

Michigan sentiment are the calendar highlights, with no Fed speak due to the

media blackout period ahead of next week's Fed decision.