USDJPY remains at elevated levels in.....>

DOLLAR-YEN: USDJPY remains at elevated levels in the middle of its narrow

Y111.29-46 range. Bulls need a close above the 100-dma & trendline resistance at

Y11.48/57, a break opens a run at the Y112.00 level and previous broken channel

base support-turned-resistance at Y112.12.

- Reminder of the large Y111.05-20 $2.19bn option expiry rolling off at today's

NY cut.

- US Durable Goods the main highlight at 1230GMT. Durable goods orders in the US

are expected to fall by 1.5% in February after rising by 0.3% in January. Boeing

orders fell sharply in February, which should allow transportation orders to

pull back. Durable goods orders excluding transportation are expected to hold

steady after a 0.2% decline in January.