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USDJPY based ahead of the 50%............>

DOLLAR-YEN
DOLLAR-YEN: USDJPY based ahead of the 50% retracement of Y104.56-114.55
(Y109.56) with the recovery extending to Y109.72/77. Bulls continue to focus on
a topside break of the Y110.00/20 area which has proved hard to overcome having
previously registered a series of highs. Next up on the calendar is Dallas
Federal Reserve Bank president Rob Kaplan who will be participating in a Q&A
session in Dallas, Texas, from 1415GMT. Concluding today's speeches at 1430GMT
is the Federal Reserve Board of Governors Vice Chairman Richard Clarida
presenting a research paper in Prague.

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