The JPY crosses slid to fresh session lows....>

FOREX: The JPY crosses slid to fresh session lows after the BOJ failed to offer

a fixed rate operation in the 10-Year cash space, after rumours that such an

operation would take place. 10-Year JGB yields briefly traded above 0.11%, the

typical fixed rate the BOJ offers on such operations, adding further credence to

recent reports/analyst calls that the BOJ may adjust the upper bound of its

yield target corridor for 10-Year JGBs at its MonPol decision next week,

although 10-Year JGB yields last trade at 0.105%, with a lack of follow through

apparent. USD/JPY touched a low of Y110.92, and last deals just below Y111.00,

EUR/JPY had a brief look below its 55-DMA (Y129.26), last trading Y129.30.

- Elsewhere the major USD pairs stuck to a narrow range.

- The yuan once again garnered attention, with chatter of state intervention in

FX forwards, as press reports pointed to Chinese banks offering 1-Year tenor USD

for swap against CNY.

- U.S. GDP headlines on Friday.