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AUSSIE-YEN: AUD/JPY has inched higher and last.......>

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: AUD/JPY has inched higher and last sits +6 pips at Y74.67, supported
by an uptick in e-minis. Little of note seen so far on the wires, apart from
local, largely second-tier news flow from over the weekend, covered earlier.
- Should Jun 16 high of Y75.09 give way, bulls would be able to take aim at the
76.4% retracement of the Jun 8 - 12 sell-off at Y75.78. Bears need a fall
through Jun 24 - 29 lows located in the Y73.35-31 area to bring Jun 22 low of
Y72.74 & Jun 12 low of Y72.53 into view.
- Focus moves to Australian Melbourne Institute Inflation and ANZ job ads, both
due later today.

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