Modest risk aversion was faded overnight........>

YEN: Modest risk aversion was faded overnight following BoJ Kuroda's remarks

that said "will consider extra easing to hit price target if needed" & "may

consider easing if Yen moves impact economy prices". USDJPY sits marginally

higher on the session at Y110.68 with short-term resistance at Y110.79/80 from

the 100-wma & 61.8% retracement level of Y111.13-110.26. Bulls need to clear

Y111.00 to regain the upper hand, targeting the ytd Feb 14 high & 200-dma at

Y111.13/31.

- AUDJPY based ahead of Y78.50 with the recovery extending to Y78.80. Topside

resistance seen at Y79.03 from the Asia high & 76.4% fibo of Y79.19-78.51,

consolidation above brings the 100-dma at Y79.87 into view.

- EURJPY trades back above Y125.00 with bulls looking for a close above the

50-dma at Y125.36 to extend the uptrend.

GBPJPY approaches Y143.00 with topside focus on the Feb 5 high & 100-dma at

Y143.57/63.

- A reminder that the next round of US-China trade talks begin in Washington

today with higher level talks scheduled for Thursday.