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AUSSIE-YEN: AUDJPY was the biggest mover overnight following the paring of risk
positions after weekend reports in the WSJ that said China has cancelled planned
trade talks with the US amid an escalation of tariff threats. Rate slipped 60
pips at the Wellington open to Y81.39, before it slowly recovered through Asia.
Rate holds Y81.70/75 in early Europe with bulls looking to reclaim the 100-dma
at Y81.94, before challenging Friday's six-week highs of Y82.36.