JPY was evident into the Tokyo fix, USDJPY.....>

YEN: JPY was evident into the Tokyo fix,  USDJPY last deals at highs ~129.45,

while EURJPY trades at 129.70 & AUDJPY deals at 81.35.

- USDJPY's hesitation ahead of the 200-DMA (100.18), as well as correcting

overbought studies provide bulls with a degree of concern. On the other hand,

bears look for a close below the 21-DMA (108.46), although support is clustered

in between that level & yesterday's low (108.81).

- EURJPY crossed below the boundary of the pairs major ascending channel in

EU/NY hours on Tuesday, resulting in immediate bearish focus on the YtD lows

(128.94), although oversold daily studies are the key concern for bears. Bulls

now need a close above hourly support from May 04 (130.66) to gain breathing

room.

- AUDJPY bears take comfort in Tuesday's break lower, with focus on the YtD lows

(80.51), while bulls need a close above the low from May 04 (81.67).