EUR-USD held in the mid-to-upper 1.07s during pre-Europe trade in Asia. Intensifying Grexit concerns aside, which is a wildcard for the euro, we favour the upside over the nearer term as weaker than expected ISM, ADP, and construction data out of the U.S. supported outlooks for a weak Q1, while tomorrow’s March U.S. payrolls data is likely to show some mean reversion after outsized 239k-423k jobs gains since November that have defied moderating GDP growth. USD-JPY traded slightly softer in Tokyo trade, though yesterday’s low at 119.42 remained untroubled.