USDJPY has edged higher in Asia-Pacific.........>

YEN: USDJPY has edged higher in Asia-Pacific dealing, last trading at 106.20,

despite domestic equities printing lower on the day. EURJPY is 20 pips or so

higher at 131.10, while AUDJPY trades a couple of pips softer at 81.85.

- There is chatter of Japanese offers at 106.35 in USDJPY, with hourly

resistance from Mar 14 noted at 106.40. Above that, the 21-DMA at 106.51

provides the next level of resistance. To the downside focus is on the Mar 16

low of 105.60, in front of YtD low at 105.22. Daily studies are largely neutral.

- EURJPY bulls take comfort in support emerging on dips back towards 2018 lows

with the Bollinger band base (129.92) limiting follow through. Bulls now need a

close above 131.29 to gain breathing room.

- AUDJPY's Bollinger base (81.64) provided support earlier on, presenting a key

concern for bears. Recoveries in the pair have remained capped ahead of 82.29.

- BoJ Deputy Governors Amamiya & Wakatabe will speak at 08:30, providing the

immediate risk event for JPY crosses.