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JPY underperformed across the board in Asia.....>

YEN
YEN: JPY underperformed across the board in Asia with USDJPY once again trying
but failing to clear Y110.00. Resistance is reported through to Y110.20, the
200-dma seen key sits at Y110.21. EURJPY holds near the peak of its Y128.59-96
range, traders look to break Y129.05/08 (50% Y133.49-124.62/200-wma) for the
next leg higher. The release of strong Australian GDP has seen AUDJPY
comfortably hold above the 100-dma (Y83.61) with strong gains extending to
Y84.37. The May22 high (Y84.47) provides the next hurdle. GBPJPY moves through
the 61.8% retracement of May range to Y147.47 and holds firm. The FX Technical
Signal monitor is starting to display a healthier picture with bullish signals
seen on a daily and cloud basis. CADJPY holds above the 100-dma (Y84.81),
near-term resistance seen at Y85.05 (50% of May range Y87.10-83.00).
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