The greenback garnered support as US..........>

FOREX: The greenback garnered support as US 10-Year yields breeched the 3.00%

level in early dealing, which pushed USDJPY to multi-month highs back above

109.00. The move, however, was short-lived as higher yields & a poor set of

blue-chip earnings weighed on US equities from the off, with the major indices

shedding as much as 2% at one point. The move in stocks saw USDJPY move back

below 109.00, bottoming near 108.50, before a late push higher in yields dragged

the cross back to 108.85.

- The pullback in USD supported cable & EURUSD, with both pairs pushing away

from lows. EURUSD last at 1.2235, GBPUSD last at 1.3980.

- NZDUSD had another poor session, extending the losing streak to six

consecutive trading days as a balanced set of Australian CPI figures led to more

demand for AUDNZD throughout the Asia session, although AUDUSD, NZDUSD & USDCAD

stuck to tight ranges in EU & NY hours.

- Wednesday's docket is particularly light. ECB's Villeroy, Knot & Lane will

speak, with BoC's Poloz & Wilkins set to appear in the Senate, while Australia &

New Zealand observe a public holiday.