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AUSSIE-YEN: A turnaround in risk appetite pushed.....>

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: A turnaround in risk appetite pushed AUD/JPY lower yesterday as
geopolitics and coronavirus concerns returned to the fore. the news that Beijing
closed down all of its schools to contain a new cluster of Covid-19 infections
inspired a leg lower into the WMR fix, while reports surrounding an exchange of
fire at the Sino-Indian border & an escalation of tensions on the Korean
peninsula further dented sentiment.
- AUD/JPY edged higher alongside U.S. equity index futures this morning and last
sit +7 pips at Y74.00. A break above yesterday's high of Y75.09 would return
focus to Jun 8 high of Y76.79. Bears look for a slide through Jun 12 low of
Y72.53, towards the 200-DMA at Y72.28.
- Japanese trade balance comes out within a couple of minutes.

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