USD/JPY has crept higher at the start....>

DOLLAR-YEN: USD/JPY has crept higher at the start to the session as U.S. equity

index futures have turned green. The pair last sits at Y106.19, 37 pips better

off, with the yen underperforming all of its G10 peers.

- BBG reported that Japan may nominate a new BoJ board member today, likely with

a corporate background, to replace outgoing Yukitoshi Funo.

- Participants assess the odds of the Tokyo 2020 Olympics going ahead as

planned. G7 leaders told PM Abe that they hope it will be possible. Kyodo

reported that the organizer in Tokyo will ask people not to watch torch relay.

- The BoJ announced Monday evening that they will conduct an unscheduled round

of 3-5 & 5-10 Year JGBs on Tuesday.

- Bullish focus remains on the Mar 13 high of Y108.50, located near two intraday

highs printed earlier in Mar. Bears keep an eye on Monday's trough at Y105.15.

- The focus in Japan turns to final industrial output (today), trade balance

(Wednesday), and CPI (Thursday).