Usd/Jpy touched highs of Y106.93.........>

DOLLAR-YEN: Usd/Jpy touched highs of Y106.93 overnight before reported

macro/exporter supply emerged. The reversal extended post-fix with added weight

from the Nikkei to Y106.40, before dip buyers cushioned into Europe. Hourly

support is located through Y106.20/00, a break opens Y105.72 (76.4%

Y105.33-107.01). The earlier mentioned exporter/macro supply is reported to

extend through to Y107.20 on the topside. Mth/Quarter end flow again expected to

dictate price action. Last Y106.48.

- On the US calendar today main highlights at 1230GMT from Weekly Jobless

Claims, Personal Income & Spending data. The MNI Chicago PMI follows at 1345GMT

and is expected to rebound to a reading of 63.3 in March after dipping to a

still-strong reading of 61.9 in February.

- Option-expiries: Y104.50($581mn), Y105.00($874mn), Y105.50($413mn),

Y105.65($715mn), Y106.00($505mn), Y106.40-50($1.07bn), Y106.70-80($615mn),

Y107.00($734mn), Y107.25($780mn).