Dollar stays generally firm in Asian session, following the post CPI rally overnight. Yen is some what helped by the selloff in stock markets despite rebound in US yields, and remains firm except versus the greenback. On the other hand, Australian Dollar tumbles sharply following much worse than expected job data, and leads other commodity currencies lower. Technically, Dollar has made some progress with EUR/USD breaking through 1.1512 temporary low, and GBP/USD breaking 1.3410 support. USD/CAD's break of 1.2497 resistance is also a sign of more rally. A focus now is on whether USD/JPY would break through 114.69 high to resume larger up trend, and confirm Dollar's one-sided rally. In Asia, at the time of writing, Nikkei is up 0.47%. Hong Kong HSI is down -0.15%. China Shanghai SSE is up 0.59%. Singapore Strait Times is flat. Japan 10-year JGB yield is up 0.0113 at 0.071. Overnight, DOW dropped -0.66%. S&P 500 dropped -0.82%. NASDAQ dropped -1.66%. 10-year yield rose 0.128 to 1.560. |