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US payrolls tonight (930pm SG/KL time) will be a key focus
especially after a massive ADP upside surprise and may set the tone for
USD Consensus is expecting 180k increase for Jan NFP. A stronger print
above 200-200k may reignite USD strength. Meanwhile we caution that
several USD/Asia FX are sitting at key support levels: USDSGD 1.4090,
USDJPY 112; a push beyond see 1.3950, 110. USD/Asian may trade lower but
pace of decline is likely to slow. Bias to buy dips targeting 1.4280,
114.50.
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