Minor-risk off spilled over into Europe.......>

FOREX: Minor-risk off spilled over into Europe which sees JPY & CHF sit top of

the pile in G10.

- USDJPY holds toward the base of its Y108.31-57 daily range opening the Jun 6

low (Y108.03) & Y108.00 level. Below here brings the 2019 support line back into

view at Y107.96. Traders also note the recent bearish MA crossover (50-dma below

100-dma).

- AUD is the biggest faller against the JPY and slips back under the Y75.50

level to Y75.23. Expect support on approach to Y75.00 from a previous series of

highs.

- USDCHF topped out at Chf0.9937 yesterday to continue with its series of lower

highs. Rate rests on support from the 5-dma, with a break under Chf0.99 needed

to extend the downtrend toward the 76.4% retracement level of the 2019 range at

Chf0.9839.