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AUSSIE-YEN: AUD/JPY has round tripped from session...>

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: AUD/JPY has round tripped from session lows of Y78.87 and last
trades flat at Y79.15.
- The pair initially moved lower on the back of broader risk-off flows, while
the release of a softer than exp. Australian house price index might have also
applied some weight to AUD. However, a recovery in risk appetite allowed the
pair to erase earlier losses.
- As a reminder, today the RBA released its latest MonPol meeting minutes. The
Bank reiterated that it sees the direction of the next move in interest rates as
more balanced than last year, with global risks to the the economic outlook
still a concern, but the minutes lacked any notable dovish surprises.
- A further ascent through yesterday's peak at Y79.42 would allow bulls to
target the 100-DMA at Y79.69. Conversely, a pullback through the 21-DMA at
Y78.99, briefly breached today, would bring today's worst levels back into play.
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