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AUSSIE-YEN: AUD/JPY has clawed back its earlier......>

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: AUD/JPY has clawed back its earlier losses, registered early doors
on the back of a BBG story stating that "the U.S. is holding off on a decision
about licenses for U.S. companies to restart business with Huawei." RBA Gov Lowe
speaks at writing, his suggestion that the economy may have reached a "gentle
turning point" has seemingly put a bid into AUD, negating the impact of
aforementioned BBG report. The rate last sits at Y72.16, unchanged on the day.
- A break above yesterday's high of Y72.36 would reassure the bulls, turning
their focus to Y72.72, the high of Aug 2. Bears look for a pullback towards the
lower 1.0% 10-DMA envelope at Y71.48.

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