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AUSSIE-YEN: AUD/JPY has broken above Y78.00 and......>

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: AUD/JPY has broken above Y78.00 and last deals at Y78.05, 28 pips
higher on the day, with a risk on theme underscoring a bid in the pair. AUD has
benefitted from the risk-supportive backdrop, with higher oil prices also aiding
the dynamic, while JPY has struggled. Worth mentioning S&P 500 index futures
have breached yesterday's best levels. 
- Bulls need consolidation above Y78.00 before targeting yesterday's high of
Y78.54, followed by Monday's high of Y78.88. Meanwhile, bears need to return
back below Y78.00 before challenging the Jan 9 low of Y77.40.

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