AUSSIE-YEN: AUD/JPY has slipped 6 pips thus far......>

AUSSIE-YEN: AUD/JPY has slipped 6 pips thus far and last sits at Y75.85.

- On the data front, Japanese BoP current account balance and trade balance both

missed forecasts. Elsewhere, Australian ANZ Roy Morgan weekly cons. conf. fell

to 114.8 from 117.3.

- Yesterday, broader risk aversion, stemming from the intensifying Sino-U.S.

trade war, pulled the rate below Y76.00 for the first time since early January.

The two sides of the pair found themselves on the opposite ends of the G10 pile,

as China announced retaliatory tariffs on U.S. goods, with the Global Times

noting that "China may stop purchasing US agricultural products and energy,

reduce Boeing orders and restrict US service trade with China.

- Bears look to Y75.74, where the rate bottomed yesterday. A break below here

would open up the lower 2.0% 10-DMA at Y75.59. On the topside, the initial focus

falls on the psychological Y76.00 level. Should bulls manage to clear the

figure, they could target the downtrend resistance, which kicks in at Y76.84.