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AUSSIE-YEN: AUD/JPY has added 5 pips thus far and....>

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: AUD/JPY has added 5 pips thus far and last trades at Y67.75. The
rate operates within a tight range, with the Aussie very marginally
outperforming in the G10 basket. Topside focus remains on the 50-DMA, which has
proven resilient over the last week. A clearance of the moving average,
intersecting at Y68.59 today, is needed to encourage bulls to target Apr 14 high
of Y69.26. Bears look for a drop under yesterday's low of Y67.29 to get a fresh
impetus and move away from the aforementioned 50-DMA, towards Apr 2 low of
Y64.40.
- Preliminary retail sales data, due out of Australia at 02:30BST/11:30AEST,
will provide some interest.

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