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Risk-on at the US crossover..............>

DOLLAR-YEN
DOLLAR-YEN: Risk-on at the US crossover underpinned by firmer US equity futures
lifts USDJPY to Y109.72 and a re-test of the Asia high (Y109.75). The 200-hma
comes in today at Y109.92, ahead of Y110.00. Bulls will need a positive close
above here to cement the uptrend and bring the 100-dma back into view at
Y110.56.
- EURJPY improved to Y122.82  with topside focus on a break of Y123.00. Above
here opens the 21-dma & May 21 high at Y123.52/74.  

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