AUSSIE-YEN: AUD/JPY last trades at ~Y83.30,..........>

AUSSIE-YEN: AUD/JPY last trades at ~Y83.30, unchanged on the day, after a brief

foray higher in the JPY crosses with a lack of news flow apparent.

- The AUD crosses have had little reaction to the release of the minutes from

the RBA's July MonPol decision. After omitting the line that the next move in

the cash rate would be up, rather than down in the Jun minutes, the RBA

reinstated it in the minutes of the Jul meeting. The RBA said that the members

continued to view the strengthening economy as likely to deliver further

progress in reducing the jobless rate and returning inflation to target. And "in

these circumstances, members continued to agree that the next move in the cash

rate would more likely be an increase than a decrease." The RBA also said there

was no strong case for a near-term adjustment in MonPol.

- The pair's closes above Y83.16 add to bullish confidence and has shifted focus

to Y84.53-89 where the 200-DMA is located. Initial support is now noted at

Y82.99 but bears need a close below Y82.72 to gain breathing room.