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AUSSIE-YEN: AUD/JPY has ticked away from highs.......>

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: AUD/JPY has ticked away from highs after the BoJ announced its
monetary policy decision, but remains elevated. Kuroda & co. left interest rates
& 10-Year JGB yield target unchanged, but opened the door to unlimited JGB
purchases & removed a reference to price momentum from its forward guidance.
Nonetheless, AUD remains comfortably the best G10 performer, following the news
that some Australian states will be easing social restrictions.
- AUD/JPY last trades +38 pips at Y69.09. Bulls need a rally above psychological
barrier/61.8% retracement of the Dec 27 - Mar 19 sell-off at Y70.00/19 to gain
some impetus. Bears look for a retreat below the 50-DMA at Y68.30, which would
open up Apr 21 low of Y67.29.
- The focus turns to a presser with BoJ Gov Kuroda.

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