AUSSIE-YEN: AUD/JPY is bid at the start to the.......>

AUSSIE-YEN: AUD/JPY is bid at the start to the week, it is testing Friday's best

levels as we type. Broader risk-on feel has boosted the pair, as the

reverberations of Friday's upbeat NFP report out of the U.S. and a weekend OPEC+

deal remain in focus. Australia observes a public holiday, which saps liquidity

in the pair. The rate last changes hands at Y76.75, 39 pips better off.

- The upper 2.0% Bollinger band at Y76.91 provides the initial bearish target,

followed by the Y77.00 mark. Bears look for a retreat under Dec 27, 2019 high of

Y76.55, a former breakout level, before taking aim at Jan 16 high of Y76.25.

- Japan has just published its final Q1 GDP figures, which were revised higher

thanks to a stronger capex, as expected. BoP current account surplus, released

at the same time, shrank more than forecast in April. Focus turns to Eco

Watchers Survey, due later in the day.