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AUSSIE-YEN: AUD/JPY, an acknowledged risk............>

AUSSIE-YEN: AUD/JPY, an acknowledged risk barometer, rallied 107 pips yesterday
as the PBoC continued to implement supportive policy measures, while the broader
concern over the spreading coronavirus appeared to have slightly moderated.
- The Aussie drew further support from the RBA's decision to leave its cash rate
on hold, as expected, which was accompanied by a fairly upbeat statement.
- The rate last trades -10 pips at Y73.71, holding most of yesterday's gains. A
further advance past the Jan 29 high of Y74.01 would bring the 100-DMA at Y74.32
into view. Bears need a dip below the Y73.00 level to gain some momentum.
- The focus today turns to speeches from RBA Gov Lowe & BoJ Dep Gov Wakatabe.
China's Caixin Services PMI Survey will also provide some interest.

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