Yen crosses have stuck to a tight range in......>

YEN: Yen crosses have stuck to a tight range in early Asian trading, as the bulk

of global markets are closed for the Easter holiday. USDJPY last trades

unchanged ~106.45, with EURJPY unchanged ~130.90 & AUDJPY is a few pips higher

at 81.80.

- JPY outperformed on Thursday, aided by month- & quarter-end flows even as Wall

St. indices finished higher.

- From a technical perspective, USDJPY hourly support is located through

106.20/00, a break opens up a move to 105.72 (the 76.4% retracement of the move

from 105.33 to 107.01). To the upside, there are reports of offers between

106.90 to 107.20, which encapsulates the Mar 28 & 29 highs as well as the 1.0%

envelope 10-DMA.