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Asia equites rallied overnight, extending the...>

YEN
YEN: Asia equites rallied overnight, extending the move from Friday's positive
Wall Street close. This improved risk appetite, underpinned by renewed optimism
over US-China trade talks. As a result, JPY underperformed and sits bottom of
the G10 pile at the European crossover. AUDJPY extended through Y79.00 with
bulls topside focus on a break of the ytd Feb 5 high & 100-dma at Y79.84/90.
EURJPY trades back above 125.00, a close above the 50-dma (Y125.43) is needed to
extend the uptrend. GBPJPY trades off its best levels of the session of Y142.82
with topside focus on a break of down trendline resistance & 100-dma at
Y143.53/68. NZDJPY comfortably closed above the 100 & 200-dma's Friday,
extending the move to fresh ytd highs of Y76.21. Next resistance is seen at
Y76.54 which represents the 76.4% retracement level of Y78.86-69.14.    

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