The greenback continued to grind lower in.....>

FOREX: The greenback continued to grind lower in Asia-Pacific dealing, but edged

back from its worst levels with lower liquidity owing to the LNY holiday

apparent.

- USDJPY briefly broke below the touted 106.40 support level, while Japanese

FinMin Aso noted that the government is not planning on intervening in the FX

markets following the recent run of JPY strength.

- The broader USD weakness allowed the AUD to shake off a lacklustre breakdown

in the latest domestic labour market report, while the NZDUSD backed away from

the 0.7400 level (initial resistance through the figure lies at 0.7405) as the

USD pared some of its losses. The next focal point out of Australia will be

tomorrow's address from RBA Governor Lowe

- EURUSD & GBPUSD followed the broader USD moves, and last trade in the middle

of their respective ranges ahead of comments from ECB's Praet, Mersch &

Lautenschlaeger.