AUSSIE-YEN: AUD/JPY inched higher alongside U.S......>

AUSSIE-YEN: AUD/JPY inched higher alongside U.S. equity index futures early on,

despite renewed jitters surrounding U.S. measures vs. Hong Kong. However, the

rate has trimmed gains as G10 crosses pulled back towards neutral levels.

- We've had some regional data releases already out this morning. Australian ANZ

Roy Morgan Weekly Consumer Confidence index deteriorated to 93.0 from 97.5, with

ANZ's commentary pointing to a negative impact of the surge in Victoria's

Covid-19 cases on sentiment. Meanwhile, Japan's unemployment increased more than

expected, which was coupled with an above-forecast decline in industrial output,

per the preliminary reading.

- AUD/JPY last sits +3 pips at Y73.89, with bulls looking to take out Jun 23

high of Y74.42, followed by Jun 16 high of Y73.32. Bears would be pleased by

losses past Y72.74, the low of Jun 22, which would expose Jun 12 low of Y72.53.

- Australian private sector credit, weekly payroll jobs & wages headline the

remainder of local data docket. RBA Dep Gov Debell will speak on "The RBA's

Policy Actions and Balance Sheet" at a webinar. China's official PMI data will

also be closely watched.