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JPY: Uptick In Tight Early Trade

AUD

AUD/JPY sits at Y83.59, marginally above neutral levels, as this week's trading has gotten underway. The Aussie shows some light outperformance, with Antipodean liquidity likely thinned by the Anzac holiday across the Tasman. There are no tier 1 risk events on the Asia-Pac docket, which turns focus to headline & market flow.

  • Bears see Friday's low of Y83.10 as their initial target and a break here would expose Apr 9/13 lows of Y83.04/03. Conversely, a move through Apr 20 high of Y84.72 would please bulls, turning focus to Mar 18 cycle high of Y85.45.

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