AUSSIE-YEN: AUD/JPY last sits at Y74.04, 19 pips.....>

AUSSIE-YEN: AUD/JPY last sits at Y74.04, 19 pips lower on the day. Australian

private capex shrunk 0.2% in Q3, although it was expected to stay unchanged. As

a result, AUD/JPY has erased the uptick provoked by an improvement in NZ biz.

confidence & operates just above session lows, touched early on as U.S. Pres

Trump signed the contentious Hong Kong bill into law.

- The 50-DMA at Y73.76 provides the initial layer of support. Should it give

way, bears will target the 100-DMA/Nov 21 low, located at Y73.54/49. Conversely,

bulls keep an eye on the Nov 27 high of Y74.30 hoping to regain some momentum

upon its breach.

- Wednesday saw the rate close 21 pips better off as the broader risk-on mood

helped to more than erase a downtick posted in the Asia-Pac session on the back

of revisions to RBA calls from Westpac & RBC. Each said that they expect

Australia's central bank to launch QE, in 2H2020 or 2021 respectively.