• -0.05% in a tight but occasionally busy 1.2132-1.2146 range in Asia on D3

• UK should consider raising BoE inflation target to 3%, think tank says

• The Resolution Foundation believes a higher target will increase flexibility

• No UK data, but Fed Chair Powell leads a slew of Fed member speeches

• Charts; 5, 10 & 21-day moving averages ease, momentum studies flat line

• 21-day Bollinger bands contract- mixed signals suggest further consolidation

• Neutral setup leaves last week's 1.2337 high as the first major resistance

• 1.2038, the October trend low remains the initial key support

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