USDJPY continues to pare early European &....>

DOLLAR: USDJPY continues to pare early European & YTD highs to hold near the

base of its Y113.32-64 daily range. Focus turns to US Personal Income data at

the bottom of the hour which is expected to rise by 0.4% in August, as payrolls

rose by 201,000 and hourly earnings rose by 0.4%, while average weekly hours

stayed at 34.5 hours. Current dollar PCE is forecast to rise by 0.4% after a

0.4% July gain that could see an upward revision based on the retail sales data.

The MNI Chicago PMI follows at 1345GMT and is expected to decline further to a

reading of 62.0 in September after dipping slightly to 63.6 in August. Lastly,

the Michigan Sentiment Index is scheduled for release at 1400GMT and is expected

to be unrevised at 100.8 reading in September, still well above the 96.2 reading

in August.