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Bear Flattening Deepens

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: The risk-barometer cross received a boost yesterday from news that
Unibail-Rodamco, a French owner of shopping malls, has agreed to buy Westfield
for A$32.7bn, of which around 35% will be paid in cash. The rally has so far
stalled near to the 200-dma at Y85.88, a close above would be the first since
Nov14, with bulls targeting a move to Y86.63, which marks the 38.2% fib
retracement on the Y90.31 to Y84.35 decline.