The JPY crosses are largely unchanged, with.....>

YEN: The JPY crosses are largely unchanged, with USDJPY dealing at 109.35,

EURJPY at 132.05 & AUDJPY at 82.40. News that US President Trump has postponed

the steel tariff decision for the EU & other allies did little to stir JPY.

- USDJPY's hesitation around WMAs & DMAs between 109.48-110.47 is a concern for

bulls with the lack of follow through beginning to weigh. Bears continue to look

for a close below  hourly support from April 23 (108.54) to shift focus lower.

- EURJPY's follow through above the 100-DMA (132.99) & 21-WMA (132.85) remains

lacking with focus back on levels of support layered in between 131.55-78 as

daily studies correct from overbought levels.

- AUDJPY's 55-DMA (82.78) capped last week, with bears now looking for a close

below 81.90 to shift focus back to the YTD lows. Bulls now need a close above

the 55-DMA to ease bearish pressure. Daily studies lingering at modestly

oversold levels are seen as the key concern for bears.