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AUSSIE-YEN: AUD/JPY has dived 40 pips in today's Asia-Pacific session and last
sits at Y77.92, as a broader risk-off tone is apparent across the FX space.
Worth mentioning the Nikkei 225 started on the front foot, but slipped into
negative territory and last trades ~0.3% lower.
- Bears focus on Y77.73, which limited losses on Friday. A breach of that level
would bring the Feb 8 low of Y77.44 into play. Conversely, bulls look to the
lower 1.0% 10-DMA envelope at Y78.07. Above here opens the 55-DMA at Y78.36.