The US dollar was broadly stronger against....>

FOREX: The US dollar was broadly stronger against its peers during the

Asia-Pacific session with added support from UST yields. Dollar-yen raced higher

to Y114.73 with some attributing the move to Governor Kuroda remarks on

inflation and will persistently continue powerful easing. The US dollar pared

light gains throughout the European morning, soft UST yields with added cross

supply saw dollar-yen trade a Y114.05-43 range. Services PMI readings across

Europe were soft. Spain, Italy, France and Germany all missed to the downside,

surprisingly the main euro area number came in above forecasts. Euro-dollar

encountered late pressure with a move back under $1.1600, touched pullback lows

of $1.1588 before dip buyers cushioned falls. Euro-yen retraced off earlier

highs of Y132.39, moved through the Asia base to Y132.30 before it too met dip

buyers off the low. Cable retained an underlying buoyant tone and held near the

peak of its $1.3068-1.3122 range. Aussie lacked direction and was held to a

narrow 10 pip range. Very light on the data front in the US today with main

focus on New York Federal Reserve Bank President William Dudley who will speak

on "Lessons from the Financial Crisis" in New York, Q&A at 1710GMT.