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AUSSIE-YEN: AUD/JPY has added 12 pips and deals at...>

AUSSIE-YEN: AUD/JPY has added 12 pips and deals at Y75.90 as we type as light
risk-on flows have crept into G10 FX space, with U.S. equity index futures
ticking higher. Continued rally past Jan 16 peak at Y76.25 would bring Dec 27,
2019 high of Y76.55 into view. Bears look for a drop through yesterday's low of
Y74.86 towards the 200-DMA at Y72.20.
- In regional data, Australian AiG Services PMI improved to 31.6 from 27.1 in
May, while Japanese household spending shrank by 11.1% Y/Y vs. expectations of a
12.8% decline.
- There's little of note left on today's Asia-Pac docket, which leaves broader
focus on headline flow.

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