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AUSSIE-YEN: AUD/JPY last deals at Y72.21, 8 pips.....>

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: AUD/JPY last deals at Y72.21, 8 pips higher on the day, amid a
modest recovery in risk appetite. The Nikkei 225 opened on the front foot, last
trades ~1.0% higher.
- Japanese Jul trade deficit was wider than projected, after a Y589.6bn surplus
registered in Jun. Both exports and imports shrunk, but less than expected. JPY
has shrugged off the release.
- AUD/JPY climbed 21 pips on Friday amid a broader recovery in risk appetite,
which pushed the rate above the Y72.00 mark.
- A clean break above the Aug 8 high of Y72.36 would expose the upper 1.0%
10-DMA envelope at Y72.62. Conversely, bearish focus falls on the Y72.00
psychological support, and a breach thereof would open up Y71.81, which limited
losses on Friday.

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