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

FOREX: USDJPY has edged higher in Asia-Pacific trade and is challenging 107.00,

with the Nikkei 225 up 1.7%. Bulls still need a close above the 55-DMA (107.33),

which represents the key resistance level. There is $1.04bln worth of

106.90-107.00 USDJPY option expiries rolling off at today's 10AM NY cut.

- USDCAD hasn't been able to consolidate below the 1% volatility band at 1.2749

as of yet, although warmer NAFTA rhetoric has added further support to the

loonie overnight. The cross last trades at 1.2760.

- AUDUSD topped out in front of 0.7730, shy of the next upside target, the

21-DMA at 0.7739, with further pressure added by a narrowing in the latest trade

surplus release. Initial support is not noted until the Wednesday low of 0.7662,

with the cross last trading at 0.7700.

- EURUSD stuck to a tight range, while GBPUSD failed at 1.4100 for a second

consecutive Asia-Pacific session, with the high from Mar 26 (1.4096) continuing

to cap.

- Eurozone & UK Services PMIs, Eurozone retail sales & a speech from Fed voter

Bostic headline on Thursday.