Risk sentiment improved through Asia............>

YEN: Risk sentiment improved through Asia following President Trump's latest

tweets on the US-China trade war. JPY sits bottom of the pile with broad losses

across G10.

- USDJPY touched Y109.02 yesterday, the lowest levels since Feb 1 but has since

printed recovery highs of Y109.71. Expect resistance at Y110.00/05 which holds

the 38.2% fibo of the May range & previous daily highs May 10.

- AUDJPY comfortably holds above Y76.00 but traders remain cautious of the

impending bearish MA crossover (50-dma below 100-dma).

- GBPJPY struggles for traction above Y142.00 which keeps the recent downtrend

intact. Near-term support at Y141.72/61 from the 50%/61.8% fibo of

Y141.26-142.18.

- NZDJPY technicals could suggest further downside pressure with the impending

bearish triple crossover (50-dma below both 100 & 200-dma's).