AUSSIE-YEN: The risk-barometer cross opens in Asia...>

AUSSIE-YEN: The risk-barometer cross opens in Asia at Y87.33 toward the upper

side of yesterday's Y86.47 to Y87.47 range, where firmer base metal prices

helped to underpin the Aussie. Ahead, Japan's Trade Balance (2350GMT) provides

the initial risk hurdle for the session, MNI's median is for a surplus of Y392

billion, exports +13.6% and imports +17%. Arguably, more reaction is likely to

come from Aussie Jobs data, MNI's median is for 20,000 jobs to have been created

in July, participation and unemployment rate to remain unchanged at 65.0% and

5.6% respectively. For now, resistance at Y87.44 (50% fib Y89.43-Y85.45 decline)

is holding the upside in check, a clean break above would then seen resistance

at Y87.91 (61.8% fib on the same move), while hourly support is seen near

Y87.10.