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

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).