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AUSSIE-YEN: AUD/JPY last sits at Y71.42, 17 pips.....>

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: AUD/JPY last sits at Y71.42, 17 pips lower on the day. The rate
slipped initially as U.S. Treasury named China a currency manipulator, but a
strong NZ jobs report lent a helping hand to the Aussie, allowing AUD/JPY to
move away from lows. Nonetheless, the underlying risk-off tone keeps a lid on
recovery attempts.
- Bears target the psychological barrier posed by the Y71.00 level. A move below
there would bring the flash-crash YtD low of Y70.64 firmly into play. The rate
hasn't shown under that level since May 2009. Bulls look to the lower Bollinger
band (2%) at Y71.95 and the round figure of Y72.00.
- The main point of note during today's Asia-Pacific session is the RBA's
monetary policy decision, due at 0530BST/1430AEST.

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