The dollar has largely pared early Asia......>

DOLLAR: The dollar has largely pared early Asia gains to sit flat against most

of G10 at the European crossover. DXY holds toward the lower-end of its narrow

95.11-28 range, comfortably above the 50-dma (95.08) and retains a neutral

outlook. A break of the 21-dma (95.41) & Sep4 high at 95.73 would see bulls

regain the upper hand, targeting a break of the 96 handle. JPY continues to show

moderate weakness largely due to a fair bit of M/A activity with Yahoo/Softbank

and Renesas/IDT, Japanese banks were also noted buyers of USDJPY. Gold looks to

have based ahead of $1190, volumes remained light overnight tied to a narrow

$1193.16-1196.28 range.