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AUSSIE-YEN: AUD/JPY last trades at Y75.47, 12 pips...>

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: AUD/JPY last trades at Y75.47, 12 pips lower on the day as worries
re: U.S.-Mexico trade tensions weigh on the pair.
- This comes after the rate finished virtually unchanged yesterday. A rally in
early European hours failed to bring a convincing breach of Y75.90 and the pair
eased off to Y75.40 before ticking higher, to its opening levels.
- Bulls look for a breach of the 21-DMA, which kicks in at Y75.84, ahead of the
aforementioned Y75.90 level. Bears look to the May 17 low of Y75.33. Below here
opens the Y75.00 mark, as well as the Jun 3 multi-month low of Y74.97.
- Australian trade balance data is due shortly.

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