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AUSSIE-YEN: AUD/JPY last sits at Y74.70, 11 pips.....>

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: AUD/JPY last sits at Y74.70, 11 pips better off. The rate was
propped up by a modest risk-on feel as participants remain optimistic re:
U.S.-China trade talks and potential for avoiding a no-deal Brexit. Japanese
markets are shut today for the celebration of Emperor Naruhito's enthronement.
- Yesterday's break above the key Sep 13 high of Y74.50 supports the bullish
case, shifting the topside focus to the channel resistance at Y75.19. Bears
would be pleased by a dip under the 38.2% retracement of the YtD range at
Y74.08, which limited losses last Friday.

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