AUSSIE-YEN: AUD/JPY revisited levels not seen........>

AUSSIE-YEN: AUD/JPY revisited levels not seen since 2009, as a round of broader

risk-off flows sent it tumbling. Participants have sought shelter in safe haven

assets from the off, as a reported launch of a "price war" by Saudi Arabia

hammered oil mkts, a worry about spreading Covid-19 epidemic has remained, while

North Korea has test-launched ballistic missiles. That said, AUD/JPY sell-off

gained traction only later, with the rate dropping to Y64.38. It has pared some

of those losses since & last trades -2.96 fig. at Y66.92.

- As highlighted, there's a lot of head-scratching re: the latest round of

risk-off flows. Some will be likely pointing to Mrs Watanabe as the driver.

- Bears look for a sustained move under the lower 3.0% Bollinger band at Y66.41,

before returning the focus to the earlier session low. Bulls keep an eye on

Friday's trough at Y69.58, after the rate gapped lower at the open.

- Broader risk developments have taken the centre stage today, stealing

attention from the Japan-centric data docket. Final Q4 GDP missed expectations,

BoP figures were more or less in-line. Eco Watchers Survey is due in a few

hours' time.