Improving risk appetite has seen JPY crosses....>

YEN: Improving risk appetite has seen JPY crosses firm across the board

overnight, lending support to the majors. EURJPY currently above Y129.00, needs

to clear the 50-dma (Y129.15) to target the next resistance area at Y129.45/50

which currently holds the 100-dma. GBPJPY flirts either side of Y143.00 near the

peak of its daily range targeting a break of Y144.00 and the 50/55-dma's at

Y144.79/86. An improving AUD outlook despite the unchanged RBA spiked AUDJPY

through Y80.00 to Y80.41. Next resistance in the cross at Y80.66 which

represents the 50% retracement level of Y81.79-79.52. CADJPY moves through the

100-dma (Y84.83) to hold at the peak of its Y84.59-89 range. Bulls need a break

above Y85.00 to target the 200-dma at Y85.49. NZDJPY extends to Y73.40 and is

looking to challenge the 21-dma at Y73.72, before any attempts can be made at

Y74.00 (Y73.94 - Aug31 high).