-YEN: NZD/JPY has added 30 pips thus far &.....>

KIWI: -YEN: NZD/JPY has added 30 pips thus far & last trades at Y66.03 amid a

broader improvement in risk sentiment, with both sides of the pair sitting at

opposite ends of the G10 pile. Hard to point out a particular catalyst among

headlines/data releases behind the move.

- New Zealand's trade figures roughly matched expectations, while Japanese

services PPI was slightly worse than forecast. Japan will report final machine

tool orders later today.

- PM Ardern made an appearance today, noting that she spoke with Australian PM

Morrison as the two Antipodean nations are working on the creation of a

trans-Tasman "travel bubble". Nothing to shock here.

- BoJ Gov Kuroda told lawmakers that Japan's central bank would consider

loosening policy if needed and its "extraordinary measures" will not be required

after the pandemic. Little to rock the boat in his comments.

- Bulls need a breach of May 21 peak at Y66.25, best level since mid-March, as

the rate struggles to stage a convincing breakout from its recent trading range.

Above there opens Mar 11 high of Y66.63. Bears target Y64.74, the 50-DMA.