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AUSSIE-YEN: A slow start to the new trading week.....>

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: A slow start to the new trading week for the risk-barometer cross,
the rate holding a Y86.00 to Y86.37 range. There was no discernible reaction to
Japan's Trade data just released. Up shortly, Australia's mid-year budget
update, Westpac expects a reduced 2017-18 budget deficit estimate of A$27bn
compared to the previous estimate of A$29.4bn. They note, this largely relates
to the uplift in nominal GDP growth due to the boost from commodity prices.
Resistance lies at Y86.63-65, the level marks 38.2% fib retracement on Y90.31 to
Y84.35 decline, while key-support is located at Y85.87 (200-dma). Aussie-yen was
last at Y86.22.

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