Yen firms up against Dollar in Asian session today, after PPI report adds more bullets for BoJ to start tweaking monetary policy. Investors in Japan are also feeling the risk of stimulus exit, and push Nikkei down more than -1%. Nevertheless, Yen is overall mixed for now. Aussie and Kiwi are so far the firmer ones. Dollar is the weakest, extending last week's decline while European majors are slightly on the soft side too. Technically, Swiss Franc is clearly lagging behind others in the rally again the greenback. USD/CHF has indeed failed to break out from range last week. A focus for this week would indeed be on whether USD/CHF would break through 0.9407 resistance to signal short term bottoming. If Dollar is going to rebound, Swissy is currently an easier target. In Asia, at the time of writing, Nikkei is down -1.16%. Hong Kong HSI is up 0.73%. China Shanghai SSE is up 1.44%. Singapore Strait Times is down -0.19%. Japan 10-year JGB yield is up 0.0005 at 0.512. |