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AUSSIE-YEN: Firmer risk appetite pushed AUD/JPY......>

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: Firmer risk appetite pushed AUD/JPY higher yesterday, with the rate
approaching key resistance levels ahead of the close. It last trades flattish at
Y70.04 and the initial focus remains on the 61.8% retracement of the Dec 27 -
Mar 19 slide at Y70.19, which capped gains on Apr 30 (peak at Y70.17), May 11
(peak at Y70.18) & May 12 (peak at Y70.16). A break here would be an important
technical development, opening up the 100-DMA at Y70.58. Conversely, a dive
through May 14 low of Y68.55 would clear the way to May 7 low/50-DMA at
Y67.63/56. The next key support level comes at Y67.29, the low of Apr 21.
- Little of note on news wires so far, while Australian ANZ Roy Morgan Weekly
Consumer Confidence edged higher to 92.3 from 90.3, with ANZ arguing that "it
seems reasonable to expect further gains in sentiment". Focus turns to the
minutes from the RBA's most recent monetary policy meeting & ABS weekly payroll
jobs and wages data.

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