Recovery off Monday's corrective........>

EURO-DOLLAR: Recovery off Monday's corrective pullback extension low of $1.2337

touched $1.2390 in NY ahead of its close. Rate touched a high of $1.2388 in

Asia, off an early low of $1.2368, but the further rise in UST yields provided

another boost for the Usd which pressed rate down to $1.2360. Usd/Jpy led the

Usd move, though Eur/Jpy was also dragged higher which in turn lifted Eur-Usd

back to $1.2387. As Eur/Jpy turned lower so Eur/Usd squeezed through $1.2360 to

$1.2352 into early Europe. Asia traders have reported demand back in place from

around $1.2350, with interest suggested dotted down toward $1.2300. Though

pressured lower the Eur continues to show signs its a reluctant

slippage/correction. Traders note the approach on month end Wednesday and model

suggestions that fixes will see Usd sales. Also of note we have Trump's State of

the Union Address later today, EZ Flash CPI Wednesday ahead of Yellen's last

FOMC(no change widely expected though pointers toward a March hike in focus). US

Employment Report Friday with AHE seen taking prominence over NFP.