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AUSSIE-YEN: AUD/JPY last seen at Y78.48, 27 pips.....>

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: AUD/JPY last seen at Y78.48, 27 pips better off, as solid risk
appetite provides support to the pair, while fresh pressure to the yen has been
observed ahead of the Tokyo fix.
- The yen has shrugged off domestic data releases, which included labour mkt
data, Tokyo CPI, industrial output and retail sales.
- A further lift through the 21-DMA/50-DMA at Y78.71/72 would allow bulls to set
their sights on the psychological Y79.00 level, which capped gains on Tuesday.
Conversely, a retreat towards the Y78.00 figure would bring the lower 1.0%
10-DMA envelope at Y77.79 into play.

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