Dollar's broad based rally continues in Asian session today and looks set to have a strong close for the week. Talking about weekly performance, Yen is following the greenback as the next strongest. New Zealand Dollar and Australian Dollar are competing for the worst performing spot. European majors are mixed with Euro, Sterling and Swiss Franc trading in range against each other too. Technically, we're still waiting for USD/JPY to break through 114.69 high to resume the medium term up trend for next projection target at 118.18. But given Yen's strength elsewhere, it might take some more time for the pair to accomplish this breakout. That might also need a strong upside breakout in benchmark US yield to give it a hand. In Asia, at the time of writing, Nikkei is up 1.01%. Hong Kong HSI is up 0.22%. China Shanghai SSE is down -0.01%. Singapore Strait Times is down -0.01%. Japan 10-year JGB yield is up 0.0072 to 0.078. |