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AUSSIE-YEN: AUD/JPY has advanced 25 pips so far and last sits at Y78.39, with
Japanese markets still closed for holidays. The yen underperforms all of its G10
peers at writing.
- Bulls need to clear yesterday's peak at Y78.70 before challenging the 100-DMA,
situated a further 5 pips above. Meanwhile, bears look to the lower 1.0% 10-DMA
envelope, which has limited losses today. A break below the level would shift
focus to Y78.00, last breached on Mar 28.