CLAUDE MATTERN, BNP PARIBAS

EUR/USD: "The currency pair is still seen holding above $1.3645, with a rebound above $1.3690, towards $1.3730. However downside risk is increasing, with $1.3610 as a bearish break point target at $1.3560."

USD/JPY: "Still consolidating last week's fall, after a spike seen at 117.60. Between 118.75 and 118.00, a retreat below the latter is expected later on, in direction of 117.60."

USD/CHF: "Remains balanced within a narrow range, close to bearish break points. Still under discussion, between 1.2065 and 1.1985, a fall below 1.1965 is expected, with the next target at 1.1880."

GBP/USD: "Remains below $2.0380, seen as a bullish break point. The daily indicators remain negative, but holding on their former troughs. The hourly ones are neutral, around zero."

EUR/JPY: "Unlike the February/March downside correction, the pair remains close to its former low, after last week's fall. The currency pair remains below the 38.2 percent retracement at 163.90. The daily indicators are on their former low (March's slump). The hourly ones are negative. A breach of 160.30 would argue for a decline towards the next major point at 159.70."