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AUSSIE-YEN: Renewed risk appetite extends the........>

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: Renewed risk appetite extends the recovery off Asia traded lows
(Y77.91) to Y78.28 and a re-test off the overnight high. Near-term resistance is
seen at Y78.52 from yesterday's high, a break opens a move toward Y78.92 which
represents the 61.8% retracement of Y84.02-70.64. AUDUSD consolidated above the
$0.72 level into Europe, extending the move to $0.7212. The Jan 15 high provides
the next layer of resistance at $0.7226, ahead of a run at the $0.7240/50 area. 

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