USDJPY unwound the majority of Tuesday's........>

YEN: USDJPY unwound the majority of Tuesday's gains heading into the Wall St.

cash close as equity markets sold off to fresh lows, with USDJPY trading at

105.50 last. AUDJPY trades at 81.00, with EURJPY at 130.80.

- USDJPY's recovery from the LT rising TL off 2016 lows is struggling a little,

having run into selling pressure ahead of the 106.09-107.29 resistance region.

Bulls need a close above 106.09, with daily studies remaining well placed for a

fresh leg higher. Bears now need a close below 105.29 to gain breathing room.

- EURJPY bears failed to gain traction below the 55 (129.20) & 200 (129.44) WMAs

with the bounce to start the new week seeing focus back on the 131.90-133.20

region where the 55, 100 & 200-DMAs are located. Bears now look for a close

below 129.97 (the high from Mar 23).

- AUDJPY bulls continue to look for a close above 82.70 to hint at a move back

to 84.51-89. Daily studies are now correcting from oversold levels. While 82.70

caps, bears look for a break of 80.24 (the Nov 11 2016 low). The Bollinger base

(80.54) remains the key concern for bears.