The USD held on to Wednesday's late gains.....>

FOREX: The USD held on to Wednesday's late gains vs. the majority of the majors,

with the JPY being the only exception to the rule.

- JPY benefitted from a softer equity theme in Asia-Pacific dealing as

Wednesday's uptick in yields riled Asia-Pacific stocks.

- This allowed the DXY to consolidate above 90, last 90.10, with the USDJPY at

107.35, 20 pips from the lows.

- Technicals suggest that the close above the 55-DMA (89.596) eased bearish

pressure with above 91.751 needed to shift initial focus to 92.640 and overall

focus to 94.219-95.149. Initial support is noted at 89.442 with bears needing a

close below to signal a false break of the 55-DMA and return focus to 86.515-879

where the weekly bear channel base, Nov 2014 monthly low LT rising weekly TL are

situated.