AUSSIE-YEN: AUD/JPY has slipped 10 pips and deals....>

AUSSIE-YEN: AUD/JPY has slipped 10 pips and deals at Y75.71 at writing.

Australian dollar landed at the bottom of the G10 pile, hit by a double-whammy.

- The rates of expansion in Australian flash CBA PMI readings decelerated in

July, while CBA noted that "more worryingly, there was also a sharp fall in

employment intentions at the start of Q3, led by the services sector."

- Soon after that, APRA required Macquarie, Rabobank & HSBC to tighten the

intra-group funding arrangements for their Australian operations, citing

improper reporting of the stability of the funding they received from other

entities within the group.

- AUD/JPY has struggled to make headway beyond its YtD mid-point/trendline

support at Y75.68/67. A break below would open up the 50-DMA, which kicks in at

Y75.47. Bulls look for a recovery, which would push the rate through the Y76.00

mark, towards the Jul 16/Jul 22/May 30 highs of Y76.15/16/17.

- Focus today turns to Australian skilled vacancies data and Japanese flash PMIs

from Jibun Bank.