AUSSIE-YEN: AUD/JPY has dropped 36 pips thus far.....>

AUSSIE-YEN: AUD/JPY has dropped 36 pips thus far and last trades at Y78.00, as

AUD underperforms on the back of a soft Australian biz. conditions print (within

the NAB Business Survey). Meanwhile, JPY sits atop the G10 pile, aided by

broader risk-off flows, as the Nikkei 225 has registered losses, -1.1% last,

while a WSJ story revived worries re: Sino-U.S. trade talks by stating that

"early indications are that the two sides remain sharply divided." 

- Bears need a clean break below the Y78.00 figure before challenging Y77.82,

which represents the 21-DMA, while bulls eye yesterday's high of Y78.83, ahead

of Y79.00.