AUSSIE-YEN: AUD/JPY struggled to challenge its.......>

AUSSIE-YEN: AUD/JPY struggled to challenge its 200-DMA (today at Y72.12) on

Friday and started the week on a softer footing, as participants have shied away

from riskier assets, in reaction to the weekend escalation in U.S. protests and

another portion of U.S.-China sabre-rattling. China's official PMIs were also

watched over the weekend, with the m'fing gauge unexpectedly deteriorating.

- We have seen Australia's own PMI data this morning. AiG M'fing PMI recovered

to 41.6 from 35.8, while final CBA M'fing PMI was revised to 44.0 from the flash

reading of 42.8.

- AUD/JPY last sits at Y71.67, 25 pips worse off. A retreat under the 100-DMA at

Y70.20 would open up May 22 low of Y69.94. Meanwhile, a breach of the aforesaid

200-DMA is needed to expose the upper 2.0% 10-DMA envelope at Y72.50.

- Left on today's Australian docket is Melbourne Institute Inflation. Japan will

report Q1 capex, company sales/profits and final Jibun Bank M'fing PMI.