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BoE & IFO Focus


Small bid in Estoxx emerging


SA PPI Data Due 1030BST

DOLLAR-YEN: The dollar has eased modestly from Y110.07 to Y109.90 in early trade
as N Korea continues with the diatribe, calling Trump's 'fire and fury' comment
as 'a load of nonsense', and saying he is a guy 'bereft of reason'. N Korea
aside, Japan's Machinery Orders and PPI lead the data releases, both are due at
2350GMT. Resting demand lies on an approach to Y109.50's which fits in nicely
with the technical landscape, Y109.51 marks trend-line support drawn off Y108.13
low on Apr17, while hourly resistance is noted at Y110.17. Dollar-yen was last
at Y109.95