AUSSIE-YEN: AUD/JPY hovers just above the............>

AUSSIE-YEN: AUD/JPY hovers just above the psychological Y75.00 barrier,

struggling to stage an attack at the level. It trades at Y75.08, 10 pips lower

on the day, after a round of JPY buying seen earlier in the session.

- Today's highlight is the Australian jobs report, due at the bottom of the

hour. Japan has already reported its trade balance, which met expectations but

was underpinned by worse than forecast imports and exports figures. We have also

seen Australian consumer inflation exp. gauge, which rose to 4.7% from 4.0%.

- To recap, the rate fluctuated yesterday as participants weighed reports on

China's coronavirus situation, but closed almost unchanged.

- The cluster of a round figure/23.6% retracement of the Aug 26 - Dec 27 bull

mkt/50-DMA at Y75.00/74.99/74.96 provides the initial bearish target. A clean

break here would prompt bears to set their sights on the 200-DMA, last seen at

Y74.70. On the flip side, bulls look for a jump above the 21-DMA at Y75.60 to

gain some impetus.