USD supply at the NY crossover...........>

DOLLAR-YEN: USD supply at the NY crossover extended to Y106.40, before fading. A

raft of US data out at the bottom of the hour from Jobless Claims, Personal

Income/Consumption and PCE. The level of initial jobless claims is expected to

fall by 4,000 to 225,000 in the March 24 week after a 3,000 increase in the

previous week to keep claims in their recent narrow range. Personal income is

expected to rise by 0.4% in February, as payrolls posted a 313,000 surge, hourly

earnings rose by 0.1%, but average weekly hours rose to 34.5 hours. Current

dollar PCE is forecast to rise by 0.2% after a 0.2% January increase, with

durables spending down due to a decline in auto spending. Usd/Jpy last Y106.45.