AUSSIE-YEN: AUD/JPY has eased 8 pips thus far and....>

AUSSIE-YEN: AUD/JPY has eased 8 pips thus far and last trades at Y75.85, as JPY

is seen catching a modest bid. The Nikkei 225 futures are pointing to a

marginally lower open.

- Japanese PPI slightly topped exp., printing at +1.2% Y/Y and +0.3% M/M.

- The rate round tripped from a fresh cycle low of Y75.53 yesterday, amidst

conflicting signals for broader risk sentiment. The Asia-Pac session saw

continued worries re: Sino-U.S. trade relation and the release of soft Chinese

activity data, but later in the day U.S. Pres Trump was said to be weighing a

delay of planned auto tariffs to ease trade tensions with the EU and Japan.

Nonetheless, the pair closed 18 pips lower.

- On the technical front, a dip through Y75.53, where the rate bottomed

yesterday, would open up the lower 2.0% 10-DMA envelope at Y75.19. Meanwhile,

bulls look to the down trendline resistance at Y76.38 and a breach of the level

would expose Monday's weekly high of 76.97.