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AUSSIE-YEN: AUD/JPY has given away 56 pips and.......>

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: AUD/JPY has given away 56 pips and last trades at Y68.06,
threatening to challenge the 50-DMA at Y67.84. The aforementioned array of
risk-off factors continues to limit risk appetite, with geopolitical concerns
and the coronavirus situation in focus.
- A break below the 50-DMA would open up Apr 21 low of Y67.29, a key near-term
support. Bears need this level to give way before taking control. On the flip
side, a rebound above Y70.17 would give bulls some impetus.
- Liquidity is limited today as Japan is off and does not return from Golden
Week holidays until Thursday.

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