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

ASIAN MARKETS, AUSSIE-YEN
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. 

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