The risk-averse theme spilled over into.........>

YEN: The risk-averse theme spilled over into Europe with added weight from

e-mini S&P futures which has consolidated its break under the key 2,800 level.

- USDJPY's correlation has seen the rate drift to Y109.16 with support reported

on approach to the Y109.00 level (Y109.02 - May 13 low).

- EURJPY breached the Y122.00 level for the first time since early Jan, the

downtrend extends to Y121.83 with near-term support at Y121.65/42 from the lower

1.0% 10-dma envelope & 3% lower Bollinger band.

- AUDJPY printed Y75.55 before meeting support at Y75.50/55 from a series of

previous lows. Below here opens the May 17 & Jan 4 lows at Y75.33/24.

- GBPJPY eased to Y138.16 to rest on support from the 61.8% retracement of the

2019 range. Further support is located on approach to Y138.00, ahea7d of the Jan

15 low at Y137.37.

- NZDJPY approaches support from the May 23 low at Y71.29, below here opens a

run at the Jan 3 flash crash lows (Y69.14).

- CADJPY touched pullback lows of Y80.87 before meeting support from the Jan 7

low.