AUSSIE-YEN: AUD/JPY has crept higher, extending......>

AUSSIE-YEN: AUD/JPY has crept higher, extending yesterday's post-WMR fix

recovery, and last trades +10 pips at Y71.45. The yen is the worst G10 performer

at typing as U.S. equity index futures have inched higher. Hard to link these

moves to any particular headline, it is more likely that relative optimism about

the coronavirus outlook has encouraged participants to shelve worries over

U.S.-China tensions for now.

- Bulls set their sights on yesterday's peak/200-DMA at Y71.93/72.12 and a break

here would give them a green light for targeting the 76.4% retracement of the

Dec 27 - Mar 19 sell-off at Y72.62. On the downside, initial focus falls on the

100-DMA at Y70.28. Losses past that level would draw attention to May 22 low of

Y69.94.

- Australia reports its Q1 capex data within less than an hour.