UST yields remained firm in Asia and....>

EURO-DOLLAR: UST yields remained firm in Asia and consequently allowed the USD

to make mild gains in a fairly subdued overnight session,  Australia and NZ

markets closed for ANZAC Day. EUR/USD drifted back from an early posted high of

$1.2239 to $1.2212 into Europe, with rate holding heavy at writing. Support seen

at the NY low of $1.2196 ahead of $1.2182. A break of $1.2180 to expose next

band of support between $1.2160/50. Resistance $1.2245/50. A light EZ data

calendar, ECB Villeroy, Knot and Lane are due to speak in Paris at 0700GMT. UST

yields remain in the driving seat for direction, with Thursday's ECB meeting

approaching fast (no change widely expected with main focus on ECB Draghi's

press conference).