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AUSSIE-YEN: AUDJPY remains the most closely..........>

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: AUDJPY remains the most closely correlated major cross to the SPX.
With US equity futures pushing higher AUDJPY looks set to extend gains further
following this morning's major bullish breakout. AUDJPY has accelerated higher
through the 50-DMA this morning and is now pushing above the 84.00 level, which
will put the focus on the 84.531 March highs. Above here the 100-DMA at 85.159
will come into view. Holding above 83.833 maintains the current bullish
momentum. Medium term momentum indicators are supporting gains.

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