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AUSSIE-YEN: AUD/JPY has added 20 pips and last.......>

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: AUD/JPY has added 20 pips and last trades at Y74.55. The Aussie has
picked up a bid as RBA Gov Lowe said that monetary policy has limits and "it's
legitimate to ask how effective more easing would be."
- RBA Gov Lowe speaks at a panel in Canberra at typing.
- The rate finished 7 pips higher Friday as JPY was damaged by profit taking at
the end of a strong week for the yen.
- Bulls look for a break above the Y75.00 mark before challenging the 21-DMA,
which kicks in at Y75.16. Bears target Y73.93, which hosts both the lower 1.0%
10-DMA envelope and the recent cycle low.

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