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AUSSIE-YEN: AUD/JPY last seen at Y79.25, 35 pips.....>

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: AUD/JPY last seen at Y79.25, 35 pips better off on the day, as warm
rhetoric around Sino-U.S. trade relations, coming from both Washington &
Beijing, put a bid in risk appetite, as did a delay of the imposition of the
next round of tariffs as U.S. President Trump pointed to a summit with Chinese
counterpart Xi.
- Initial resistance noted at Y79.66, which represents the upper 1.0% 10-DMA
envelope. A breach of that level would draw bullish attention to the 100-DMA at
Y79.82. Meanwhile, bears focus on the 21-DMA at Y78.75, which is followed by
Y78.42, where the rate bottomed on Friday.

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