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AUSSIE-YEN: AUDJPY touched near 3-month highs of.....>

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: AUDJPY touched near 3-month highs of 84.53 (coinciding with the Mar
13 high) in early Asia-Pacific dealing as the rebound in risk sentiment saw
USDJPY hovering either side of its 21-DMA. This strength has faded in the last
hour or so in the wake of a slightly narrower than expected AU trade balance.
- The print itself only provided a modest miss, while the prior reading was
marked higher. The move lower in the cross may therefore represent fatigue, with
support now noted at 83.93, as the pair deals at 84.24, back from lows of 84.03.
AUDNZD is also back below its 200-DMA.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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