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-YEN: Edges Higher In Quiet Asia-Pac Trade

AUSSIE

AUD/JPY has crept higher with AUD outperforming its G10 peers, as e-minis ticked away from early lows (and briefly turned green), last aided by U.S. Pres Trump's call to immediately approve PPP & airline support in the Congress. Separately, BBG cited a trader pointing to demand for AUD from dip buyers & option desks long the $0.7100 strike expiring Oct 9. Regional news & data flow has been thin and offered little impetus.

  • The rate last deals +19 pips at Y75.21. A break above yesterday's high/50-DMA at Y76.17/22 would reassure bulls and open up Sep 10 high of Y77.74. Bears need a fall through Oct 2 low of Y74.93 before setting their sights on Jul 10 & Sep 24 lows, both located at Y73.98.

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