AUSSIE-YEN: AUD/JPY holds a tight range this.........>

AUSSIE-YEN: AUD/JPY holds a tight range this morning, as participants await

speeches from RBA Gov Lowe & Asst Gov Kent, as well as minutes from the

Australian central bank's Jun MonPol meeting. The pair has just moved a handful

of pips higher, taking out yesterday's best levels, but it is hard to pin this

move on any particular headline. Worth noting, however, that the FT cited

Australia's Resource Min Pratt as saying that a record demand for Australian

resources helped the nation avoid "an even worse Covid-19 economic downturn".

The release of in-line Japanese CPI readings came and went.

- The rate changes hands at Y75.32, 6 pips better off as we type. Further gains

past Jun 10 high of Y75.61 would give bulls a green light for targeting Jun 8

high of Y76.79. Conversely, a fall below Y74.68, which limited losses on Jul 16,

would clear the way to Jul 10 low of Y73.98, a key near-term support.