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AUSSIE-YEN: AUD/JPY last deals at Y78.66, 4 pips.....>

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: AUD/JPY last deals at Y78.66, 4 pips higher on the day and just shy
of session highs. Strong Chinese industrial profits data from over the weekend
may be aiding AUD to a degree, while Japanese markets are closed for holidays.
- The initial bullish target is provided by the 100-DMA, located at Y78.85.
Above here would open up the 50-DMA at Y79.11. Conversely, bears look for a
breach of the Apr 25 monthly low of Y78.12. This would expose the psychological
Y78.00 level, which has remained intact since Mar 28.

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