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AUSSIE-YEN: AUD/JPY trades on the defensive after....>

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: AUD/JPY trades on the defensive after taking a hit from concerns
over a cluster of new coronavirus cases in Beijing and a possible second wave of
infections in the U.S. In addition, the Global Times published an article
suggesting that China might target Australian iron ore exports if bilateral
tensions continue to escalate.
- The rate last changes hands at Y73.27, 44 pips lower on the day. A break below
Friday's trough at Y72.53 would bring the 200-DMA at Y72.27 into play.
Meanwhile, a jump above Friday's high of Y74.30 would expose the Y75.00 mark.
- There's not much on the Japanese or Australian dockets today, but China's
monthly economic activity indicators will provide some interest. As a reminder,
the BoJ delivers its monetary policy decision tomorrow.

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