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JAPAN

Japan To Observe Holiday

AUSSIE BONDS

Flattening Extends

JPY

Liquidity Sapped By Local Holiday

AUD

AUD Edges Lower After Volatile Wednesday

JGB TECHS

(Z1) Bearish Trend Condition

AUSSIE BONDS

U.S. Tsys Help Futures To Twist Flatten Overnight

*Sep5 Aussie open $0.7944, range.....>

AUSSIE SUMMARY
AUSSIE SUMMARY: *Sep5 Aussie open $0.7944, range $0.7942 to $0.7985
*Aussie opened in Asia toward the lower side of yesterday's $0.7935 to $0.7973
range, where a mild risk-off tone remained with ongoing N. Korean tensions
*Aussie traded sideways within a $0.7942 to $0.7957 range ahead of economic data
*Domestic BoP Current Account Balance data that showed net exports may add 0.3%
to GDP in Q2, largely offsetting the drag generated by yesterday's business
inventory data
*Aussie then dropped to $0.7955 on Aussie-yen sales, the move was linked to
reports that N. Korea has started moving ICBM for possible launch before
Saturday. The Aussie recovered to $0.7970 ahead of RBA's policy decision
*Reaction to the RBA Policy statement saw the Aussie drop from around $0.7970 to
$0.7948, local traders cited RBA's 'Appreciating Aussie would slow economic
pickup' comment behind the move, however, RBA did note that forward indicators
point to solid employment growth. Aussie recovered back to $0.7967.
*Asia's top of $0.7985 is initial resistance, while hourly support is found at
$0.7942.