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AUSSIE-YEN: AUD/JPY last deals ~65 pips lower at.....>

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: AUD/JPY last deals ~65 pips lower at Y76.73, after printing an
intraday low of Y76.56 on the back of the contractionary Caixin Chinese
manufacturing PMI reading. Pair has registered a fresh cycle low, breaching down
trend support & the Nov 9 2016 low in the process. Bears now look to the
September 2016 low at Y75.97. Bulls initially need to recover Monday's high at
Y78.06 to recover some composure.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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