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AUSSIE-YEN: Sideways consolidation has been the......>

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: Sideways consolidation has been the theme for the risk-barometer
cross, the pair holding a fairly narrow Y85.93 to Y86.09 range. Ahead,
Australia's jobs report is the main focus, MNI's median is for 17,000 jobs to
have been created in November, with unemployment and participation rate
remaining unchanged at 5.4% and 65.1% respectively. Yesterday the pair posted
its first close above the 200-dma (Y85.87) since Nov14, a second close today
would provide further  encouragement to the bulls. Initial resistance lies at
Y86.20 (Dec5 high), a break to expose Y86.63 (38.2% Y90.31-Y84.35), while hourly
support is located in the mid-Y85.85's. Aussie-yen is currently changing hands
at Y86.00.

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