USD/JPY is little changed at typing,.....>

DOLLAR-YEN: USD/JPY is little changed at typing, with both sides of the pair

faring well vs. their G10 peers as U.S. equity index futures have lost ground.

Many in Japan have probably taken the two days between Wednesday's Showa Day and

the upcoming long weekend off, which should limit liquidity today. Worth noting

that the Nikkei reported that JBIC will lend the USD equivalent of JPY1tn for

the firms' overseas operations. This comes after yesterday's rebound, which

allowed the rate to snap a six-day losing streak.

- Worth reminding that PM Abe suggested that the state of emergency may be

extended. NHK reported that final decision will be made Monday, with RTRS

sources pointing to a ~month-long extension.

- USD/JPY sits at Y107.18, with bulls looking for a break above yesterday's peak

at Y107.50, which would open the 21-DMA at Y107.79. Bears would be pleased to

see a fall below Apr 29 low of Y106.36.

- Tokyo CPI and final Jibun Bank M'fing PMI headline the local docket today.

Data releases resume after the long weekend, with the minutes from BoJ Mar

MonPol meeting due next Thursday & earnings/spending data coming up next Friday.