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AUSSIE-YEN: AUD/JPY has recovered ~70 pips from Wednesday's low to last deal at
Y82.75, aided by the latest leg higher in the JPY crosses after USD/JPY broke
through Wednesday's high, as Chinese stock indices move higher.
- Bulls took comfort in support emerging ahead of the 21-DMA (Y81.83) on
Wednesday and now look for a close above the July 10 high (Y83.16) to add
support to their case for a test of the Y84.51-89 region where the 200-DMA
(Y84.64) is noted. Daily studies at overbought levels are their key concern.