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AUSSIE-YEN: AUD/JPY last deals at Y78.11, 15 pips....>

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: AUD/JPY last deals at Y78.11, 15 pips higher on the day after AUD
spiked higher upon the release of softer than exp. AU housing finance data &
slightly firmer biz. conditions/confidence, but eased off to pre-release levels,
as the impact of the former print came to the fore. 
- Meanwhile, the yen initially struggled, pressured by outperforming equities,
but recovered somewhat, as the BoJ's decision to trim the size of its 10-25 Year
Rinban operations lent support. The rate then added a handful of pips after
reports of a breakthrough in cross-party U.S. shutdown talks hit the wires. 
- Bulls look for consolidation above the Y78.00 level and target the 21-DMA at
Y78.48. On the downside, spotlight falls on yesterday's low of Y77.73 and a
break below would open up a run at Y77.28, which represents the pivotal support
flagged in our FX Analysis e-mail from 12:40 GMT 02/08.

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