New Zealand Dollar trades mildly lower together with commodity currencies in quiet Asian session. Overall markets are mixed as Japan and Hong Kong stocks head lower, decoupling from the strong rebound in the US overnight. Dollar appears to be supported by the rise in treasury yields, with 10-year yield back above 1.5 handle. Yen is also turning softer on the development. But the moves are so far indecisive. Focus will now turn to ADP employment from the US for some inspirations. Technically, EUR/CAD's breached 1.4580 support argues that it's resuming the down trend from 1.5978. Focus will firstly be on whether it could sustain below the support level and set the stage for deeper fall towards 1.4263. Secondly, we'd also keep an eye on whether USD/CAD would accelerate down through 1.2492 support (which is not happening yet). Or EUR/USD would break through 1.1561 temporary low to resume larger fall from 1.2265. In Asia, at the time of writing, Nikkei is down -1.0)%. Hong Kong HSI is down -0.71%. Singapore Strait Times is up 0.11%. Japan 10-year JGB yield is up 0.0265 at 0.084. China is still on holiday. Overnight, DOW rose 0.92%. S&P 500 rose 1.05%. NASDAQ rose 1.25%. 10-year yield rose 0.048 to 1.529. | 