USDJPY faded the early risk-off move............>

YEN: USDJPY faded the early risk-off move overnight, a recovery in the Nikkei

225 and positive start to Chinese equities saw USDJPY move back above Y111.00 to

Y111.23. This brings the 100 & 200-dma's back into view at Y111.34/41, a close

above improves the short-term outlook opening the potential of a return toward

Y112.00.

- EURJPY improved to Y125.07, before stalling around the 50-dma. Next resistance

is seen at Y125.30/40 from a series of previous lows, a break opens the 21-dma

at Y125.61, ahead of the 50% fibo of Y133.13-118.71 at Y125.92.

- AUDJPY prints Y78.37 with topside resistance at Y78.42 from the 50-dma, ahead

of the Mar 7 high at Y78.76.

- GBPJPY topped out at Y144.65, meeting resistance from the 200-dma.

- NZDJPY closed above the 100 & 200-dma's on Friday with the recovery extending

to Y75.71. Down trendline resistance off the Mar 1 high comes in today at

Y75.80, above here opens the Mar 6 high at Y75.93.