AUSSIE-YEN: Continued risk-on flows lend support.....>

AUSSIE-YEN: Continued risk-on flows lend support to AUD/JPY this morning, with

the pair posting a leg higher as U.S. equity index futures reopened on a firmer

footing. Sentiment has been buoyed by yesterday's announcement from the Fed that

it will start buying individual corporate bonds. Elsewhere, RTRS reported that

the U.S. will allow domestic companies to work with Huawei on standard setting

re: 5G networks.

- The rate last deals at Y74.51, 24 pips higher on the day. A breach of Jun 10

high of Y75.61 would shift bullish focus to their main near-term target,

provided by the Jun 8 peak at Y76.79. Conversely, a drop through Jun 12 low of

Y72.53 would allow bears to set their sights on the 200-DMA at Y72.28.

- The main point of note on today's docket is a monetary policy decision from

the BoJ, although the expectation is for members to leave main policy settings

unchanged. Meanwhile, RBA Jun MonPol meeting minutes, Q1 house prices & weekly

payroll jobs and wages data headline the calendar Down Under.